Emirates Development Bank (EDB), the key financial engine of the UAE’s economic diversification and industrial transformation agenda, has signed a credit facility agreement with Valiant Healthcare, the owner of Valiant Clinic & Hospital, a UAE-based boutique multi-specialty clinic and hospital located in CityWalk Dubai.
The agreement will extend the financing for both capital investment and operational expenditures, allowing it to fulfill its expansion plans and while accessing essential working capital. The signing ceremony was attended by Mr. Ahmed Mohamed Al Naqbi, CEO of EDB, Mr. Faisal Juma Belhoul, Chairman of Valiant, and Mr. Ahmed bin Juma Belhoul, CEO of Valiant Healthcare, alongside other senior officials from both entities.
Healthcare is one of the priority sectors that EDB targets with its range of flexible financial and non-financial solutions, owing to its development and deployment of advanced technology, its contribution to non-oil GDP and its importance to social and economic development.
EDB’s patient debt approach, in which financing is available with long tenors, extended grace periods and competitive rates, is available to customers and projects in the UAE that supports economic diversification, facilitates high-skill job creation, and delivers tangible economic impact.
Ahmed Mohamed Al Naqbi CEO – EDB
“Our agreement with Valiant Healthcare demonstrates our commitment to enhancing the national healthcare ecosystem by expanding the provision of high-quality healthcare in the UAE. Crucially, and central to EDB’s broader mission, it will also have an important developmental impact. This deal underlines EDB’s role as a strong, trusted, and reliable partner for local and international businesses in priority sectors that are looking to expand or set up their business in the UAE.”
Mr. Ahmed bin Juma Belhoul said that “With EDB’s support, we will move forward with our comprehensive business plan. We will introduce our patients to additional highly valued premium inpatient rooms, in addition to a state-of-the-art Cath-lab & EP lab, led by the UK, American and European board certified Physicians, adding value to the entire UAE healthcare industry & in line with Dubai’s vision of being a medical tourism hub.”
