ADX-listed healthcare group Burjeel Holding acquired an 80% stake in Dubai’s Advanced Care Oncology Center (ACOC) for AED 92 mn on a cash-free, debt-free basis, according to a press release (pdf). The move comes as part of Burjeel’s broader strategy to establish a network of radiation oncology centers across the GCC in response to rising demand for specialized cancer care.

With an option to upsize: The agreement also grants Burjeel the right to acquire the remaining 20% stake in ACOC, paving the way for full ownership.

Who owns what now? ACOC’s Founder and CEO Bashir Abou Raslan and the only other existing shareholder Raphael Khlat Middle East each retained a 10% interest in the company, with Burjeel raking in the rest.

The pitch: “By building on ACOC’s legacy of excellence, we will bring accessible, high-quality radiation oncology services closer to patients, significantly enhancing cancer care outcomes across the region. This network will not only support early intervention and treatment but will also connect seamlessly with the Burjeel Cancer Institute for advanced therapies,” group CEO John Sunil said.

About ACOC: Founded in 2017, ACOC is an oncology center in Dubai specializing in radiation therapy, nuclear medicine, and chemotherapy services. The center holds multiple international accreditations, including Gold Accreditation from Accreditation Canada and is the only facility in the UAE with PET/CT EARL Accreditation from the European Association of Nuclear Medicine. ACOC logged AED 64 mn in revenues in 2024.

Market reax: Burjeel’s stock was up 0.6% at market close yesterday to trade at AED 1.59 following news of the acquisition. The company is also awaiting BoD approval on a possible share-buyback that could be impacting share performance.

IN OTHER M&A NEWS-

Dubai-based classifieds giant DubizzleGroup took over Egyptian online car marketplace Hatla2ee, according to a statement (pdf). The move will see Dubizzle fold Hatla2ee’s platform into its operations in Egypt — which already include Dubizzle and Bayut — thereby expanding its footprint in the country’s fast-growing automotive market and digital classifieds scene. The financial terms of the takeover and post-acquisition leadership lineup were not disclosed.

A win-win for both sides: The agreement is set to boost Dubizzle’s reach in a market where online automotive sales are gaining traction, positioning it to compete with local and regional players. Hatla2ee CEO Samy Swellam said joining Dubizzle offers the company access to advanced technology and will allow it to create a better experience for its users.

About Hatla2ee: Founded in 2016, Hatla2ee has become one of Egypt’s leading platforms for new and used car sales, amassing over 2 mn monthly visitors on its website and mobile application.

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