Emirates Development Bank signs credit facility agreement of with Valiant Healthcare
The agreement will support Valiant Healthcare’s expansion plans through financing of both capital and operation expenditures, as well as working capital financing
Dubai, UAE – 15 July 2022: Emirates
Development Bank (EDB), the key financial engine of the UAE’s economic
diversification and industrial transformation agenda, has signed a credit
facility agreement with Valiant Healthcare, the owner of Valiant Clinic &
Hospital, a UAE-based boutique multi-specialty clinic and hospital located in
City Walk Dubai. The agreement will extend financing to for both capital investment
and operational expenditures, allowing it to fulfil its expansions plans and while
accessing essential working capital.
The signing ceremony was attended by Ahmed Mohamed Al Naqbi, CEO of EDB, Faisal Juma Belhoul, Chairman of Valiant, and Ahmed bin Juma Belhoul, CEO of Valiant Healthcare LLC, alongside other senior officials from both entities.
Healthcare is one of the priority sectors that EDB targets with its range of flexible financial and non-financial solutions, owing to its development and deployment of advanced technology, its contribution to non-oil GDP and its importance to social and economic development. EDB’s patient debt approach, in which financing is available with long tenors, extended grace periods and competitive rates, is available to customers and projects in the UAE that support economic diversification, facilitate high-skill job creation, and deliver tangible economic impact.
Ahmed Mohamed Al Naqbi, CEO of EDB, said: “Healthcare is one of the most important sectors in the UAE – both in terms of its growth potential and its centrality to the wellbeing of our society. To meet the increasing demand for high-quality clinical and diagnostic services, healthcare spending is expected to grow at a CAGR of 6.9 per cent, reaching AED107 billion by 2029.
“Our agreement with Valiant Healthcare demonstrates our commitment to enhancing the national healthcare ecosystem by expanding the provision of high-quality healthcare in the UAE. Crucially, and central to EDB’s broader mission, it will also have an important developmental impact. This deal underlines EDB’s role as a strong, trusted, and reliable partner for local and international businesses in priority sectors that are looking to expand or setup their business in the UAE.”
Ahmed bin Juma Belhoul, CEO of Valiant Healthcare LLC, said: “With EDB’s support, we will move forward with our comprehensive business plan. We will introduce our patients to additional highly valued premium inpatient rooms, in addition to a state of the art Cath-lab & EP lab, lead by UK, American and European board certified Physician's, adding value to the entire UAE healthcare industry & in line with Dubai’s vision of being a medial tourism hub.”
Valiant is a boutique multi-specialty Clinic and Hospital providing healthcare and wellbeing services, with a focus of being a destination for unmatched healthcare services, as well as a central hub for a full range of surgical specialties such as Orthopedic Surgery, General Surgery, Vascular Surgery, Cardiac Surgery and ENT Surgery . Valiant Clinic & Hospital is proud to be the first Hospital in Middle East to host the entire Brainlab Suite, with Robotic Arm Neuronavigational & 3D intraoperative Imaging, Valiant Clinic & Hospital is aim to continue offering world-class technology and service to our patients, with an focus on transforming the patient experience from a regular hospital visit to a hotel experience under the attention of our highly respected physicians and surgeons.