Alkhair Capital Signs MoU with KLAIM to Launch Investment Products Worth USD 50 Million to Support MENA Healthcare Providers

Alkhair Capital Saudi Arabia (Alkhair Capital) has signed a Memorandum of Understanding (MoU) with KLAIM Holdings Limited (KLAIM) for the launch of USD 50 million worth of investment products aimed at supporting healthcare service providers in the Middle East and North Africa (MENA) region.

Why it Matters?

The current average turnaround period for a medical insurance claim in the MENA region is 112 days, with some cases taking up to 270 days, posing a serious cash flow issue to hospitals and medical clinics. The partnership will serve in alleviating cash flow and collection pressures plaguing the health care providers and inhibiting their growth as KLAIM seeks to solve this issue with its electronic service that purchases these medical claims and pays th...