Saudi German Hospitals Group to establish investment arm in Egypt

The Saudi German Hospitals Group (SGHG) is setting up an investment arm in Egypt, Al Borsa reports. The investment arm, which will fall under SGHG’s Topmed vehicle, is expected to be operational in two months. Topmed manages the group’s investments in Jeddah and Dubai. The hospital group plans to establish 12 hospitals in Egypt, a EGP 10 bn medical city in Alexandria, and a number of nonprofit hospitals.