Qatar Investment Bank Acquires Stake in Turkish Health Group

Qatar First Investment Bank will help Turkish healthcare provider Memorial Health Group to expand in the Middle East after taking a 20% stake in the company, Memorial Chief Executive Ugur Genc said. Memorial sold 20% each to Qatar First and to Argus Capital, Genc told reporters in Istanbul. Qatar First is seeking additional investments in Turkey in the energy and finance industries and plans to spend US$500 million, Chairman Abdullah Bin Fahd Bin Ghoran Al Marri said at the same news conference. - Bloomberg