Magrabi Health celebrates 70 years with eye on future

As part of the anniversary celebration, Magrabi unveiled the ‘70-Year Shield,’ symbolizing ‘70 Years of Trust, Built Around You.’
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Updated 11 May 2025
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Magrabi Health celebrates 70 years with eye on future

Magrabi Health marked its 70th anniversary, celebrating a legacy of pioneering medical innovation, regional leadership, and a steadfast commitment to patient-centric care across the Middle East.

The milestone honors the vision of the late Dr. Amin El-Maghraby, Saudi Arabia’s first ophthalmologist, who founded the region’s first private specialized eye center in 1955. It also pays tribute to Dr. Akef El-Maghraby, who expanded the legacy with the launch of the region’s first private eye hospital in 1975. Today, Magrabi Health operates more than 40 hospitals and medical centers across Saudi Arabia, the UAE, Qatar, Egypt, and Yemen, providing specialized services in eye, ENT, dental, and most recently, aesthetics through its Mayam Aesthetics brand.

As a market leader in ophthalmology in Saudi Arabia, Magrabi Health screens more than 2 million patients annually and performs over 200,000 surgeries across the region. With its proven business model and market insights, the organization is expanding its success into dentistry and ENT. From just seven dental clinics, Magrabi Health now operates 200 dental chairs and is accelerating its growth through strategic acquisitions and expansion plans.

Magrabi Health has a long-standing legacy of groundbreaking medical milestones. It was the first in the region to perform a corneal transplant, and the first in the Middle East — and second globally — to conduct LASIK surgery. It is also a pioneer in cataract procedures.

Mutasim Alireza, chief executive of Magrabi Health, said: “As we celebrate 70 years of service, we do so with deep gratitude for the trust of our patients and the dedication of our teams. Our continued growth reflects our commitment to combining clinical excellence with personalized, high-quality care across the communities we serve.”

He added: “Looking ahead, our focus remains on expanding access to specialized care through new centers, strategic partnerships, and innovation. With continued investment in digital transformation and subspecialty expertise, we aim to ensure every patient receives expert, compassionate, and individualized care.”

As part of the anniversary celebration, Magrabi unveiled the “70-Year Shield,” symbolizing “70 Years of Trust, Built Around You.”

Dr. Abdulrahman Barzangi, deputy CEO and COO, said: “Innovation has been central to Magrabi Health’s leadership. From early adoption of AI-powered diagnostics to integrating the latest medical technologies, we continue to set new standards in patient care.”

He also noted the organization’s strong commitment to social responsibility, saying: “We actively deliver free community screenings, support public health initiatives, and partner with charitable organizations to expand access to quality care. Through outreach and education, we strive to uplift the communities we serve.”


GIB Capital strengthens regional leadership with $2.1bn ICM transactions

Updated 15 December 2025
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GIB Capital strengthens regional leadership with $2.1bn ICM transactions

GIB Capital, one of the region’s leading financial and investment banking advisers, has announced the successful execution of three major international capital markets transactions in November, underscoring the firm’s growing influence and distribution strength across global debt markets.

In a single month, GIB Capital acted in joint lead manager roles across three landmark issuances — supporting clients in the banking, aviation and government sectors — and attracting an aggregate of more than $4.6 billion in investor demand from the Middle East, Europe, Asia, the UK and the US. These transactions, which collectively raised over $2.1 billion, further demonstrate the confidence international investors place in GCC issuers and the strategic value GIB Capital brings to each mandate.

The firm began the month by serving as joint global coordinator, joint lead manager and bookrunner on the inaugural ICM issuance for GIB — Saudi Arabia. The $500 million perpetual non-call 5.5-year additional Tier 1 instrument was priced on Nov. 5 and generated an impressive $1.3 billion in orders, achieving a 2.6-times oversubscribed orderbook. The strong participation from regional, UK, Asian and European investors reflect the bank’s robust credit fundamentals and GIB Capital’s ability to deliver global reach for its clients.

On the same day, GIB Capital also acted as joint lead manager and bookrunner for AviLease’s first-ever ICM transaction — an $850 million bond offering that attracted exceptionally strong interest, closing in at over 3.7 times oversubscribed orderbook. The transaction drew participation from a diverse pool of regional, US, UK, European and Asian investors, highlighting the appeal to Saudi Arabia’s fastest-growing aviation leasing company. 

Further reinforcing its leadership in Islamic finance, GIB Capital concluded the month as joint lead manager and bookrunner on the government of Sharjah’s $750 million sukuk issuance, priced on Nov. 18. The transaction secured $2 billion in orders, representing a 2.6-times oversubscribed orderbook, with interest coming primarily from regional, UK and European accounts. This issuance marked government of Sharjah’s first US dollar public issuance in 2025 and benefited from strong investor confidence toward Sharjah’s credit story and in GIB Capital’s advisory expertise.

Commenting on the milestone month, Osamah Mohammed Shaker, CEO of GIB Capital, said: “These three successful issuances reflect the depth of trust our clients place in GIB Capital and the strength of our distribution network across global markets. The robust oversubscriptions and high-quality investor participation are clear indicators of the continued confidence in GCC credit stories and the resilience of the region’s economic outlook. We remain committed to delivering best-in-class execution, innovative structuring, and strategic advisory that enable our clients to access international liquidity efficiently and competitively.”

With a growing portfolio of successful mandates, GIB Capital continues to expand its presence as a leading provider of debt capital markets solutions, capital markets advisory, mergers and acquisitions, debt advisory, asset management and brokerage services. Combining deep regional insight with global investor connectivity, the firm remains committed to supporting clients across sectors with innovative, tailored, and high-impact financial solutions.