Arzan Financial Group and Sanam Real Estate Form Alliance to Acquire National Medical Company

Arzan Financial Group for Financing and Investment and Sanam Real Estate have announced a joint investment alliance to acquire 75% of the shares of the National Medical Industries Company (NATMED), a leading Kuwaiti company in the market of consumer products, food services, and medical consumables.

Commenting on this transaction, Jassem Hassan Zainal, Vice Chairman and CEO of Arzan Financial Group, stated: "This alliance reflects our strategy to invest in companies with competitive advantages and sustainable profitability. The National Medical Company was selected based on its solid position in the local market and its provision of products and services that meet the needs of various sectors."

Dr. Sulaiman Tariq Al-Abduljader, Vice Chairman and CEO of Sanam Real Estate, said: "We are delighted to collaborate with Arzan Financial Group in this strategic alliance, which aligns with our plans to expand and diversify income sources to enhance the company's performance and achieve our sustainability goals."

NATMED was established in 1989 and is considered one of Kuwait's leading companies in the fields of consumer products, food services, and medical consumables. Its annual turnover exceeds 13 million Kuwaiti Dinars, with a focus on packaging, storage, and manufacturing activities for medical and food materials. The company boasts a broad range of more than 2,000 products and is the primary supplier to hotels, medical centers, restaurants, and supermarkets in Kuwait.