Blominvest acquires Saudi platform Taib

Blominvest acquires Saudi platform Taib

Blominvest acquired Taib, a home medical care service based in Saudi Arabia. Blominvest explained that its fund aims to achieve returns on income and capital gains for investors in compliance with Islamic Sharia regulations by acquiring existing medical companies licensed by the Ministry of Health with the aim of expanding its activities in various cities of the Kingdom of Saudi Arabia.

Taib was founded in 2018, and its business is focused on providing home medical care services in its branches throughout Saudi Arabia.

Atallah Al-Arifi, CEO of Taib Medical Company, expressed his happiness with signing the acquisition agreement with Bloominvest, given the great importance this step represents in the company’s path in achieving its goals for further growth and expansion and doubling the volume of business.

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