Qatar First Bank successfully exited its USD $31.5 million investment in CMRC Limited, realizing a 19% net internal rate of return while continuing its commitment to investment diversification.

Target Information

Qatar First Bank (QFB) has successfully exited its investment in CMRC Limited for USD $31.5 million, achieving a net internal rate of return (IRR) of 19%. CMRC Limited is recognized as the leading medical rehabilitation center in the Gulf region, having shown significant growth since QFB's initial investment. When QFB acquired a 13.5% stake in the company in 2015, CMRC's turnover was USD $15 million. By 2020, this amount has surged to over USD $54 million, highlighting the company's expansion and success in the healthcare sector.

Industry Overview in Qatar

The healthcare industry in Qatar has been on a transformative path, characterized by governmental initiatives aimed at enhancing healthcare services and promoting a sustainable healthcare environment. The Qatar National Vision 2030 outlines the country’s commitment to improving healthcare infrastructure and accessibility, with substantial investments being funneled into the sector.

Qatar’s healthcare market is rapidly growing, shaped by demographic changes, increasing prevalence of lifestyle-related diseases, and a burgeoning population. This