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First National appointed as Lead Manager for ADK Hospitals Private Limited

07 February, 2024
2 mins

ADK Hospitals Pvt. Ltd. has enlisted the expertise of First National Finance Corporation as its Lead Manager to raise finance through capital markets. Recognized as an Investment Advisor licensed by the Capital Market Development Authority (CMDA), First National brings a wealth of financial acumen to facilitate and enhance ADK Hospitals' strategic initiatives.

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First National appointed as Lead Manager for ADK Hospitals Private Limited

ADK Hospital is the first private healthcare facility in the Maldives, playing a pivotal role in transforming healthcare and medical services in the country. The Hospital offers comprehensive range of services, including surgeries, anesthesia, cardiology, cancer checkups, and hyperbaric oxygen therapy. With a team of skilled specialists and a dedication to providing quality healthcare, the company is committed to providing the best medical care to its patients.

Established in 1987 under the name Mediclinic, ADK Hospitals embarked on its journey with a modest clinic. Over the years, the institution evolved and expanded its services to meet the escalating demands of its clientele. In 1992, the clinic was rebranded as ADK Medical Center, setting the stage for a groundbreaking achievement in 1996—the establishment of ADK Hospital, the first—ever private hospital in the Maldives.

First National Finance Corporation is set to collaborate closely with ADK Hospitals Pvt. Ltd. in the development of a conventional bond for their upcoming projects. ADK's strategic decision to raise financing through Capital Markets not only broadens the spectrum of funding alternatives for reputable companies but also opens up opportunities for savers seeking innovative and rewarding investment avenues.

The agreement was signed by Mr. Ahmed Nashid, Founder and Chairman of ADK Group of Companies, and Mr. Hassan Ziyath, Chief Executive Officer of First National Finance Corporation.


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