According to bloomberg, Akdital plans to raise financing from family offices in the region and resort to issuing bonds. This financing aims to support a vast expansion program valued at $1.6 billion in Saudi Arabia and the United Arab Emirates.
In an interview given Monday to Bloomberg, Akdital’s general manager, Rochdi Taleb, indicated that Akdital intends to raise up to $1.6 billion via two channels: investments from Gulf family offices and wealth managers and bond issues, both in Morocco and internationally.
The plan calls for the opening six to eight new clinics in the gulf by 2030, as well as approximately $200 million intended for the development of diagnostic centers in several cities in the region.
Without revealing the entire location of future sites, Rochdi Taleb cited Mecca and Dubai as strategic priorities.
Akdital has benefited for several years from a booming Moroccan private health market, supported by the reform of the health system, new laws governing medical investments and the rise in purchasing power of a middle class that is increasingly a consumer of care.
Since its IPO in 2022, which had allowed it to raise $112 million, the group has expanded its national footprint to approximately 40 establishments, covering more than half of the country’s main cities.
Internationalization took shape last July with the management of the Al-Mishari hospital in Riyadh, in a context of increased competition in Morocco between private operators.
“By 2030, between 40% and 50% of our revenue will come from our external operations,” Taleb told Bloomberg.
Tazak Invest, the real estate lever for expansion
To support this trajectory, Akdital will rely heavily on Tazak, its real estate arm. According to Bloomberg, the company plans to mobilize almost $700 million via this structure, which will purchase and develop hospital properties in Morocco and the Gulf.
Tazak Invest already has 2.5 billion DH in assets, mainly made up of hospitals operated by Akdital.
Rochdi Taleb specifies that Moroccan, Saudi, Emirati and other arab family offices will be
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