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Gulf Capital invests US$30 million to expand its ART Fertility Clinics to India

Gulf Capital invests US$30 million to expand its ART Fertility Clinics to India
March 28, 2021

Gulf Capital, a leading growth markets alternative investment firm, announced today its two-year growth plans for ART Fertility Clinics, the fastest growing provider of fertility treatment services in the Gulf Cooperation Council (GCC) states. With increased awareness coupled with the technological advancements in the field, the fertility sector in India is forecasted to continue to grow at 12%+ CAGR annually over the next five years. The new chapter of ART Fertility Clinics will see the implementation of an ambitious two-year rollout of 18 IVF clinics across India. The first two clinics in Gurgaon and New Delhi have commenced medical operations. They are to be followed by clinics in Ahmedabad and Hyderabad (April), Mumbai and Chennai (May), Bangalore and Kolkata (July). The rest of the rollout will be announced in Sept 2021.

Gulf Capital invests US$ 30 million to expand its ART Fertility Clinics to India

Launched in early 2015 in collaboration with IVI RMA Global, ART Fertility clinics is now an independent and leading provider of fertility treatments with the highest success rates internationally (67% Pregnancy rate: 1.3 Embryos per transfer, no donor eggs or sperm).  ART Fertility Clinics has established itself as a global thought leader in healthcare science and innovation, having deployed the most advanced infrastructure and technologies in its clinics. Some of these technologies and equipment are being introduced in India for the very first time.  ART fertility clinics has its own state-of-the-art genetic lab that utilises the latest NGS system. Having achieved over 5500 + pregnancies in less than five years, ART Fertility Clinics’ success is driven by the scientific and personalised approach of highly skilled physicians, embryologists and support medical team. With a focus on original research and publications, ART Fertility Clinics has become an international referral center for patients seeking advanced treatments especially after multiple failed cycles using their own eggs.

ART Fertility Clinics has assembled a very experienced management team to oversee this ambitious rollout across multiple international geographies whilst continuing to deliver the best-in-class treatment and success rates.

Dr Karim El Solh, Chief Executive Officer of Gulf Capital, said: “We are thrilled to back the strongest management and medical team within the IVF sector for its ambitious expansion in India. ART Fertility Clinics is the fastest growing IVF service provider in the GCC, and we are excited to be collaborating with ART Fertility’s management to take this platform to the next level. Our investment in ART Fertility Clinics is Gulf Capital’s largest equity investment to date and includes the first corporate carve-out in our Firm’s history (Gulf Capital invested over US$ 100 million to acquire a controlling stake in ART Fertility Clinics in Jan 2020). The rapid expansion of Art Fertility Clinics across Asia cements Gulf Capital’s long track record of building global leaders out of the GCC.”

Dr (Professor) Human Fatemi, Group Medical Director for ART Fertility Clinics, remarked: “Reproductive Medicine is a relatively young field, however over the past few years, the uptake of assisted reproduction medicine to conceive has increased exponentially worldwide, especially amongst the urban population. Infertility has been on the rise due to the ever-evolving lifestyle patterns and other disorders. However, most of the treatment protocols are based upon western treatment plans. While the IVF market in India is growing rapidly, there is a clear need to address issues like standardised clinical protocols based upon ethnicity, genetic makeup, structured training, and ethical practices. At ART Fertility Clinics, we are undertaking fundamental research across all related areas including genetics, based upon our observations and trials locally. It has been our constant endeavor to assist more and more couples to fulfill their dream of starting a family by providing the most advanced fertility treatments in accordance with international guidelines, coupled with the right technology. Our partnership with Gulf Capital helps us offer our services to an even broader segment of the population.”

Mr. Suresh Soni, Global CEO of ART Fertility, added: “We are excited to launch the most advanced IVF clinics in India as we embark on our next phase of expansion and growth. We share a common vision: ‘Cogito, Ergo Sum….I think, therefore I am …  The cornerstone of our success is good science and technology, which translates into the best medical outcomes for our patients. We have world-renowned IVF specialists and embryologists working in state-of-the-art facilities. We shall continue to deliver the best treatments and services to our patients so that they receive the best value for their money.”

Mr. Vinesh Gadhia, CEO, ART Fertility Clinics, India concluded: “We were very impressed by what Suresh Soni and Dr. Human Fatemi have been able to accomplish in such a short period of time.  ART Fertility Clinics’ research-focused and patient-centric approach has allowed it to build an impressive track record that compares extremely favorably with the best IVF centers globally. With the India market expected to continue to expand at double-digit growth rates over the next five years, we are confident that ART Fertility Clinics will expand its coverage and services into new territories within Tier one and Tier two cities in India to deliver world leading pregnancy and live birth rates. We are enthusiastic about our future together and look forward to working closely with the team on this new phase of growth.”

Download press release in Arabic.

 
 
 
 
 

Fraud Alert

Fraud Alert - Important alert to Gulf Capital Investors,Shareholders, the Financial Services Community and the Public

Fraudsters are engaging in a fraudulent email and website scams whereby websites and communications are targeting members of the public and potential investors (victims) by fraudulently using the identity of legitimate members of Gulf Capital's Executive team or Gulf Capital's Board of Directors to solicit investments, fake job offers and other dealings, without authority, and for a malicious purpose. Neither Gulf Capital's Chief Executive Officer nor any members of its Board of Directors or other members of its Executive team have made any offers for investment partnership, offers of employment or other dealings through these channels and the names, and identities of such individuals are being used illegally and without their consent.

Gulf Capital and its management have taken and will continue to take legal action against anyone found misusing Gulf Capital's name or the names or identities of any members of the Board of Directors of Gulf Capital or Gulf Capital's Executive team illegally or without consent for whatever reason.

Report Scams

We invite you to immediately contact fraud-detection@gulfcapital.com* if any of the following occur:

  1. You have received any unsolicited correspondence or investment advice or you think you have been contacted in relation to a possible scam (whether by telephone, email or courier) by sources fraudulently impersonating Gulf Capital's Board of Directors or any members of Gulf Capital's Executive team.
  2. You have received notice from anyone outside of Gulf Capital informing you or raising concern regarding the fact that they may have been contacted by any sources fraudulently impersonating Gulf Capital's Board of Directors or any members of Gulf Capital's Executive team.
  3. You have received any communications referencing any of Gulf Capital's Board of Directors that you consider are suspicious or which you are not sure how to respond to.
  4. You have any concerns about the authenticity of any website passing itself off as a website operated by Gulf Capital or referencing the names and identities of the Board of Directors of Gulf Capital or any of its Executive team without authority.
*Note: When forwarding suspicious e-mails to fraud-detection@gulfcapital.com:
  1. Do not modify the original subject line or contents enclosed, and do not include any personal or confidential information.
  2. Forward the full internet headers of any suspicious emails to fraud-detection@gulfcapital.com before deleting as this information willhelp Gulf Capital to track the true origin of the correspondence. The internet headers can be found through your e-mail system from within the e-mail. For example, in Microsoft Outlook, you can find the internet headers by opening the e-mail, then choosing "View" and "Options". Depending on the e-mail system that you use, the process for locating the internet headers will vary. We recommend you either copy and paste the internet header and message into a new e-mail or scan the e-mail and full headers and send as a PDF attachment to ensure it is received by fraud-detection@gulfcapital.com.

Protect Yourself

  1. We recommend that you avoid getting into a conversation with any fraudsters or revealingany personal or identifying information, but you should endeavor to record thepurported name of the person and organisation along with any other information they give you (e.g., telephone number, address etc.) and then forward all such information to fraud-detection@gulfcapital.com.
  2. You should obtain independent legal and financial and professional advice before handing over any funds or entering into any agreements in relation to such solicitations.
  3. We recommend that you not respond or open any attachments or links associated with any suspicious e-mails.
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Illegal Use of Gulf Capital's Name

Phishing Email Alert

Gulf Capital Pvt. JSC has recently become aware of a spate of fraudulent emails purporting to offer financing from, and employment at, Gulf Capital and Gulf Capital Limited (DIFC). and misusing the official Gulf Capital logo and trade name. These emails do not originate from Gulf Capital or any of our affiliates. If you have received any such email, do not click any links in the email or provide any personal information (e.g. your bank details or copies of identity documents).

There are a number of illegal advance fee scams in operation where our name and those of our Board of Directors and Senior Management are being impersonated and abused.

The Gulf Capital name, and sometimes the names of individual employees within our firm, have been used in various fraudulent scam emails, letters and phone calls. These communications typically seek to attract a victim by suggesting that project funding or a job can be obtained by paying an upfront fee. Sometimes fake documents are sent to the victim and websites mimicking the Gulf Capital name and brand are used.

Common themes include:

  • the use of similar domain names designed to appear legitimate; examples include using phishing email accounts from domains such as: @gulfcap-es.com, @gulfcp.com, @gullfinvest.com, @eaglesquare-ae.com, @gulfcainvest.com, board members name@outlook.com, @gulfunioninvestment.com, name@gullfcapital.com
  • offers of work/visa services related to employment in the Middle East upon payment of administrative, medical and other fees;
  • offers of project financing upon payment of a fake surety bond and due diligence fees;
  • forged Board of Directors resolutions approving loans, MOUs, loan agreements claiming "100% refundable" professional service fees;
  • bogus look-alike websites;
  • fake profiles on LinkedIn and My Opportunity purporting be Directors or Management of Gulf Capital;
  • "signed" and stamped contracts purporting to be provided by us regarding project financing; and
  • use of our UAE telephone numbers by criminal impersonators.

This is not an exhaustive list of scams. New schemes designed to steal the business public's money or personal data are being invented all the time or for use in other illegal activities. Please act prudently and sensibly for your own protection and take note of our Fraud Alert on our website. The perpetrators may not always request money or personal details on initial contact, but often wait until the victim has responded.

Please note that Gulf Capital and its Management and Directors have no involvement in these or any other scams, and will vigorously prosecute any violators in tandem with the concerned authorities. Our name is being used in an unauthorized and illegal way. Note that we do not use Gmail, Hotmail, Outlook or Yahoo addresses.

We recommend you delete scam emails and do not reply to scam letters, emails, calls or faxes, and do not send money to strangers. If you need to confirm with us whether a communication is genuine, please contact us at fraud-detection@gulfcapital.com.

I have read and understood the Fraud Alert, Terms & Conditions of Use and Privacy Policy. I accept the terms and condition therein and wish to proceed to the Gulf Capital website.

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يرجى الانتباه إلى ما يلي:

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