Dubai: The UAE-based investment group Yas Holding has picked up a significant majority stake in Geltec Healthcare located in Jebel Ali. The latter is part of a pharma and nutraceutical group with a global presence.
The deal was completed through Yas Holding’s dedicated healthcare investment group, Global One Healthcare Holding. Value of the transaction has not been revealed.
The facility is geared to produce dietary supplements and pharmaceutical products in soft gelatine capsules and gelatine enrobed tablets, with a manufacturing capacity of 1.5 billion units per annum. Yas plans to invest in further plant expansion to include oral solid tablets, and potentially inhalers and/or injectable lines .
Abu Dhabi s Yas Holding buys majority stake in Dubai-based supplements maker
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Idex 2021: UAE Armed Forces sign $1.5bn in military deals on day three
Six of the 12 contracts awarded at the Middle East s biggest defence exhibition went to local companies
The Bahraini warship RBNS Al Muharraq on display on Idex and the Naval Defence and Maritime Security Exhibition, or Navdex
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A heavy-duty vehicle demonstration in the grandstand area. Idex runs until Thursday, February 25 Victor Besa / The National
Visitors tour exhibits on Tuesday, the third day of Idex
Victor Besa / The National
More than 900 exhibitors are participating in this year s event
Victor Besa / The National
A 50 calibre heavy machinegun mounted on the Chaser-980 speedboat manufactured by UAE company Aksum Marine.