Kaya’s foreign subsidiary to acquire 75% stake in MMC, MSCD

Kaya’s foreign subsidiary- Kaya Middle East, DMCC, has entered into an agreement on September 8, 2016 for acquiring 75% beneficial interest in Minal Medical Centre (MMC), Dubai and Minal Specialized Clinic Dermatology (MSCD), Sharjah. However, the agreement will become effective on fulfilling of certain conditions precedent and obtaining the requisite statutory approval, which will take approximately 4 months.

This acquisition will further strengthen company’s network of clinics in the UAE region and add new set of customers to its existing base in the region. With its special expertise in body contouring, it would help Kaya in leveraging across the region. With this acquisition, the total network of the clinics in the Middle East region would increase to 23.

Kaya is a pioneer in specialized skin care and delivers customized skin care services and products through a combination of qualified dermatologists and USFDA approved cosmetic dermatological procedures.