Company: Saudi German Hospitals Group
Country: Saudi Arabia
The Batterjee family has been offering healthcare services in Saudi Arabia since the 1940s when Sobhi Abdul Galal Batterjee operated a pharmaceuticals company. In 1988, his son established the SGH (so called because of its aim to introduce German healthcare standards to the kingdom) with a paid-up capital of $15m. Today, the firm operates six hospitals in Saudi Arabia, Yemen and the UAE — which treat over a million patients annually — and has twelve hospital projects across the Arab world, including Morocco, Pakistan and Syria, either in the planning or construction phase. SGH is using the UAE as a regional hub to attract patients from the CIS and South Asia to be treated in the emirate. It launched a giant new facility in Al Barsha last year, and has plans to introduce another six smaller hospitals in the near future. Plans are also under way for an initial public offering, which could see the firm list 30 percent of its shares on the Saudi Tadawul in the next two years.
“We are planning to go public and we are working on it now,” Batterjee told Arabian Business last year. “We are a family business and listing is mandatory for succession. [An initial public offering] would cash in on some of the work that we have done in Saudi Arabia... Transforming a company into a public company is my next milestone, in the next two years.”