Abu Dhabi-headquartered ADCB receives offer of $41.4m to relinquish control of Egypt-based Alexandria Medical Services Company

Abu Dhabi-based commercial bank, ADCB, has received an offer to sell its majority stakes in Alexandria Medical Services Company, a public shareholding company engaged in the provision of medical diagnostic and treatment services in various medical fields, headquartered in Egypt.
The offer valued about $41.4 million came from TAT for Medical Services, a subsidiary of Alexandria Healthcare Investments, to sell its 51.54 per cent in the holding.
The binding offer announced on the Abu Dhabi stock exchange subject to the necessary regulatory approvals in Egypt, will make TAT For Medical Services, sole owner of the Alexandria Medical Services Company.
The holding focuses on the operation of a hospital, which consists of a range of medical specializations, including gynecology, general surgery, pediatrics, internal disease, laboratory and radiology, ophthalmology, ear and throat disease, outpatient clinics of various specialties, natural treatment unit, radiotherapy unit, intensive-care unit, and dental and oral surgery.

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