US-based Arcapita and Bahrain’s sovereign wealth fund Mumtalakat Holding Co. (Mumtalakat) have acquired about a 90 percent stake in NAS United Healthcare Services (NAS), Arcapita said in a statement.
The statement did not disclose the value of the deal.
Abu Dhabi-based NAS provides outsourced health insurance processing services to more than 40 health insurance and takaful companies in the Gulf region.
“We believe NAS has significant potential to expand into regional countries and secure large contracts,” Mahmood Hashem Alkooheji, Mumtalakat’s chief executive officer said.
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