Dubai's Alkhair Capital launches $100m fund for HealthTech investments
Alkhair Capital, an asset management and investment banking company, has launched a $100 million fund to invest in healthcare technology ventures as it looks to boost the portfolio of its investments.
The Dubai International Financial Centre-domiciled Sharia-compliant investment fund will target companies that are “harnessing cutting-edge artificial intelligence to bolster healthcare providers”, it said in a statement on Monday.
Designed as an open-ended fund, the investment vehicle aims to provide liquidity to target companies to boost their growth.
“The healthcare sector is experiencing remarkable growth, propelled by the region's expanding senior citizen population, rising life expectancy and a surge in lifestyle diseases,” Naveed Aurakzai, chief executive of Alkhair Capital Dubai, said.
“This surge has led to significant challenges, including insufficient infrastructure, higher medical claim settlements and liquidity constraints due to extended working capital cycles.”
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