Please login to the form below

Not currently logged in
Email:
Password:

Hichens Harrison completes USD 5.9m share placing for Mena

Hichens Harrison has revealed that its Middle-eastern investment vehicle, Mena Healthcare, is now valued at USD 7m, following a placing of 5.9m shares at USD 1.00 each.

Hichens Harrison has revealed that its Middle-eastern investment vehicle, Mena Healthcare, is now valued at USD 7m, following a placing of 5.9m shares at USD 1.00 each.

The stockbroking services company said the investment vehicle is focused on the Middle East and North Africa region, saying it expected healthcare expenditure to rise sharply over the coming years.

The AIM-listed company said it expects a second round of fundraising of up to a further USD 5.9m at USD 1.00 a share, to conclude in Q3 2007.

Hichens Harrison  holds 31.5 per cent or about USD 2.2m shares in Mena Healthcare.

Hitchens Harrison announced on 10 August that it had completed the acquisition of a 70 per cent controlling stake in an established operating business in Dubai, called Med Serve.

The company screens immigrant workers and expatriate applicants for United Arab Emirates (UAE) residency visas for certain medical conditions. Terms of the transaction were undisclosed.

30th September 2008

Share

PMEA Awards 2020

COVID-19 Updates and Daily News

Featured jobs

PMHub

Add my company
Research Partnership

We are the largest independent healthcare market research and consulting agencies in the world. Trusted partner to the global pharmaceutical...

Latest intelligence

Good design saves lives
Good design and creative thinking are essential if we are to improve on existing problems in new ways, which is why design and creativity within healthcare is vital. Health is...
Why you must understand the pricing of patient recruitment companies
Recruiting a diverse range of patients and engaging with them for your clinical trial isn’t an easy task, which means you might turn to patient recruitment companies, like us, who...
wearable health tech
A cultural shift in clinical research
Research organisations across the board are experimenting with new technologies...

Infographics