backKing & Spalding Al Fahad Law Firm is pleased to announce that it has advised Al Shmoul Al Moutamiaza Holding Company (Al Shmoul Holding), the investment arm of the Al Nahdi Family Group, on its acquisition of a minority stake in RAM Medical Clinics Company (RAM Clinics).
Established in November 2022, Al Shmoul Holding focuses primarily on investments across three key sectors: technology, healthcare, and luxury, with a particular emphasis on companies in the pre IPO stage.
RAM Clinics is a leading provider of dental, dermatology, and outpatient medical services in Saudi Arabia. Founded in 2006 and headquartered in Al Khobar, the company has grown into a nationwide platform delivering high quality care through a network of 33 clinics and 14 pharmacies. RAM Clinics employs more than 600 physicians across dental and dermatology specialties, including at least 225 Saudi doctors, and offers a comprehensive range of services, including general and aesthetic dentistry, dermatology, laser and aesthetic treatments, and outpatient medical care.
This investment represents a significant milestone in RAM Clinics’ growth strategy and reflects continued confidence in the strength and potential of Saudi Arabia’s healthcare sector.
King & Spalding advised Al Shmoul Holding throughout the transaction, providing comprehensive legal support on structuring, due diligence, and definitive transaction documentation. The matter was led by Martin Hunt (Riyadh) and Saud Aldawsari (Riyadh), with support from Nabil Issa (Dubai).
Congratulations to our client and all parties involved on reaching this important milestone. We are proud to support investments that contribute to the continued advancement of high quality healthcare services across the Kingdom.
For more information, please refer to the following press release.