Arzan Financial Group for Financing and Investment and Snam Real Estate have announced a joint investment alliance to acquire 75% of the shares of  National Medical Consumable Industries Co. (NATMED), a leading Kuwaiti company in the market for consumer products, food services, and medical consumables.

Jassim Zainal, Vice Chairman and CEO of Arzan Financial Group, stated: “This alliance reflects our strategy to invest in companies with competitive advantages and sustainable profitability. NATMED has been chosen based on its strong position in the local market and the products and services it provides to meet the needs of various sectors. This acquisition represents a new step in our efforts to enhance our investment portfolio through high-quality, low-risk opportunities.”

In the same context, Dr. Suleiman Al-Abduljader, Vice Chairman and CEO of Snam Real Estate, expressed: “We are pleased to collaborate with Arzan Financial Group in this strategic alliance, which aligns with our plans to expand and diversify our income sources, thereby enhancing the company’s performance and achieving our sustainability goals. This transaction will contribute to strengthening Snam's investment strategy, which is based on diversification and achieving stable returns. We are currently finalizing the acquisition procedures with the Competition Protection Authority and official entities, and updates will be announced in due course.”