Taic gets a piece of Morocco’s Akdital

The Arab Investment Company (Taic) acquired a 15% stake in healthcare provider Akdital Holding. The investment is intended to fund Akdital’s expansion plans and accelerate its regional growth, particularly in Saudi Arabia. The value of the transaction was not disclosed.

Part of a bigger plan: The company aims to reallocate around USD 1 bn of its legacy asset portfolio as part of a strategic overhaul. It aims to liquidate its portfolio — including government bonds and letters of credit — and redirect its investments towards private markets, public equities, and venture capital, previously setting USD 800 mn as an investment target for 2025.

REMEMBER- The Moroccan company previously earmarked USD 350 mn to develop 11 hospitals across Saudi Arabia, the UAE, and Tunisia by 2030. The Casablanca-listed healthcare group expects the international push to generate some MAD 5 bn in annual revenue.