ZAWYA: UAE’s Aster DM Healthcare secures $72mln in financing from Emirates Development Bank
Summary
Aster DM Healthcare has secured AED 265 million, or $72 million, in financing from Emirates Development Bank. The company plans to use the facility to develop two multi-specialty hospitals in Dubai. The financing may be upsized later, which suggests room for additional project capital if development needs grow. The announcement follows a 2024 consortium acquisition of a 65% stake in Aster’s GCC business, while the founder and family continue to run the company.
Funding
Amount
$72.0M
Total raised
Date
November 17, 2025
Announcement date
Investors
Fajr Capital
Lead investors
Company
asterdmhealthcare.com
Funded company
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