Burjeel eyes 20 branches in Saudi Arabia in 2023 as investments hit $1 bln: exec

Abdulmohsen Al Ashry, CEO of Burjeel Holdings

Burjeel Holdings Regional CEO Abdulmohsen Al Ashry said that the company has huge investments in Saudi Arabia estimated at $1 billion.

These investments are aimed at launching a number of services needed in the Kingdom, including physiotherapy and rehabilitation, as well as other specialties like one-day surgery, home care, and telemedicine, Al Ashry explained, on the sidelines of the opening ceremony of PhysioTherabia centers.

He went on to say that Burjeel has a wide range of partnerships and services, and that Leejam Sports Co. (Fitness Time) is the strategic partner of PhysioTherabia centers.

Leejam and Burjeel established an equally-owned company that provides quality services in physiotherapy, rehabilitation, and sports injury treatment.

The four branches are the first of 60 centers across the Kingdom. Burjeel plans to open 20 specialized medical centers by the end of 2023, and 60 by 2024, according to Al Ashry.

The Regional CEO emphasized that the expansion of high-quality services delivered with cutting-edge equipment and technology will boost Burjeel's balance sheet.

Burjeel aims to establish all of its services in the Saudi market within the next three to five years, he said, adding that the company is considering listing its shares on the Saudi Exchange (Tadawul) in the next three years.

According to data compiled by Argaam, Leejam announced that its 50% owned associate, Integrated Medical Care Services Co., opened four new physiotherapy centers in Riyadh yesterday, Oct. 18.