Samer Taleb

🚀 Excited to share that I’ll be joining Digital Insurance MENA 2024 as a panelist in Dubai this December 16-17. This event is a premier gathering of global leaders in the insurance industry, focusing on the transformative power of digital innovation. I look forward to engaging in a deep and insightful conversation about how we can effectively manage change to foster digital transformation within the industry. I hope to see you there! #DigitalInsurance #MENASummit #CignaHealthcare #Leadership #Innovation #DigitalTransformation #InsuranceIndustry #MENA2024 #DubaiEvent

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Al-Baha Region to Build $2bn Medical Facility. Saudi Arabia’s Al-Baha region a $2 billion medical city development takes shape, reinforcing the Kingdom’s commitment to healthcare excellence. 🔹 A Memorandum of Understanding was signed between Virtus Health Partners (VHP) and the Saudi ministries of investment and health to develop the Jebel Al-Noor Medical City. 🔹 This state-of-the-art facility, part of Vision 2030, aims to be a medical hub, delivering advanced treatments and cutting-edge education in one integrated ecosystem. 🔹 Phased Development: Over the next 10 years, the project will begin with a medical school teaching hospital, bridging the gap between education and real-world patient care. 🔹 In partnership with Mayo Clinic as a strategic advisor, this project will set new standards in healthcare education and infrastructure across the region. Why This Matters: As an entrepreneur with a focus on strategic collaborations, FDI promotion, and real estate investment advisory in KSA, opportunities like these are instrumental for creating lasting partnerships and expanding investment channels in the healthcare sector. This massive project aligns perfectly with Saudi Arabia’s Health Sector Transformation Program, aiming to reshape the nation’s healthcare infrastructure and foster global collaborations. If you're seeking ways to explore mergers, acquisitions, or partnership opportunities in the medical sector or beyond, let's connect! #SaudiVision2030 #HealthcareInnovation #FDIPromotion #StrategicPartnerships #BusinessStrategy #InvestmentAdvisory #MedicalInfrastructure #MergersAndAcquisitions #AlBahaDevelopment #MayoClinic #Shan

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Great summary of some key trends in #healthcare provision by Helmut Schuehsler of TVM Capital Healthcare - this is what TVM Healthcare Institute Think Tank Events are about: assembling industry visionaries and key players and let them think together about improving #accesstocare and making healthcare systems #efficient and #affordable.

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Excited for the ALVA10 data team to present their work on how we can make blood based cancer screening (MCED) more palatable for payers, at ISPOR today. In the US and globally, we have rising rates of cancer in younger populations, being driven largely by the obesity epidemic and environmental factors. People born in 1980 are 4X more likely to get cancer than people born in 1950. Colon cancer will be the #1 cause of death in people age 20-49 by 2030, but current guidelines recommend screening start at age 45. Screening rates in the under 55 population are... not good. In the US, that means cancer becomes more of a commercial payer issue every year, yet all the focus is on Medicare. Payers are loathe to pay for additional cancer screening- because their budgets are annual. We can use data, informatics, and genetic information to determine patients who are at elevated risk based on a variety of factors, including genetics, family history, obesity, smoking, and other factors. If we applied blood based cancer screening (sometimes called MCED- multi-cancer early detection) to the population stratified based on risk, instead of age cutoffs that are based on averages, we would 1) detect more relevant cancer earlier, 2) reduce the total cost of cancer care, and 3) improve survival. We know a lot of risk factors that are driving the increased rates of cancer in people under 55. We need to apply that information to screening strategy. ISPOR—The Professional Society for Health Economics and Outcomes Research #diagnostics #precisionmedicine #healtheconomics #cancer

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𝗚𝗹𝗼𝗯𝗮𝗹 𝗠𝗲𝗱𝗶𝗰𝗮𝗹 𝗔𝗰𝗵𝗶𝗲𝘃𝗲𝗺𝗲𝗻𝘁 𝗯𝘆 𝗦𝗮𝘂𝗱𝗶 𝗔𝗿𝗮𝗯𝗶𝗮 𝘒𝘪𝘯𝘨 𝘍𝘢𝘪𝘴𝘢𝘭 𝘚𝘱𝘦𝘤𝘪𝘢𝘭𝘪𝘴𝘵 𝘏𝘰𝘴𝘱𝘪𝘵𝘢𝘭 𝘢𝘯𝘥 𝘙𝘦𝘴𝘦𝘢𝘳𝘤𝘩 𝘊𝘦𝘯𝘵𝘳𝘦 in Riyadh announced in a press conference on June 21, 2024, its success in producing CAR-T cells used for cancer treatment, marking an unprecedented achievement in the Middle East and North Africa. 🔸️Significance of the Achievement: ▪️Cost Reduction: The cost of treatment has been reduced from 1.3 million SAR ($346,700) to 250,000 SAR ($66,700) per case. ▪️Time Efficiency: The treatment can be provided within just 14 days. ▪️Increased Accessibility: This achievement allows a larger number of patients in the Kingdom and the region to receive treatment. This milestone enhances the Kingdom's position as a leading center for healthcare and scientific research. 🔸️CAR-T Cells: ▪️A type of immune cell genetically modified to attack cancer cells. ▪️Considered one of the most promising new cancer treatments. ▪️Proven effective in treating certain types of cancer, such as acute lymphoblastic leukemia. For those unfamiliar with this hospital, King Faisal Specialist Hospital has been ranked among the top 250 academic healthcare institutions globally for 2024, achieving the 20th position worldwide and the 1st in the Middle East and Africa, according to Brand Finance. This solidifies the hospital's position as a leader in the healthcare sector. #cancerresearch #biotech #cancer #science #research #biology #phd #hospital #medical #doctor #medicine #nurse #healthcare #saudiarabia #riyadh #ksa

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Saudi Arabia’s localization plan is reshaping consultancy sector - and more beyond The Kingdom has pioneered telemedicine and e-health services, enabling virtual consultations and remote surgeries to reach the farthest communities. Plan a huge opportunity for Saudi Arabia to boost local jobs and reduce its reliance on foreign workers As Saudi Arabia embarks on a journey aimed at boosting job opportunities for citizens, the localization plan for consultancy professions and businesses plays a crucial role. In October 2022, the Kingdom’s Ministry of Human Resources and Social Development issued a decision mandating that from the end of March 2024, 40 percent of workers in firms in this sector must be Saudi nationals. The decision targeted all professions in the sector, most notably financial advisory specialists, business advisers, and cybersecurity advisory specialists, as well as project management managers, engineers, and specialists. This targeted localization, or Saudization, is part of the cooperation between the Ministry of Human Resources and Social Development and supervising bodies, represented by the Ministry of Finance, the Local Content and Government Procurement Authority, the Expenditure and Project Efficiency Authority, and the Human Resources Development Fund. The collaboration aims to elevate the presence of cadres in the sector and boost the percentage of Saudis, contributing to the development of local content in this strategic sector. It also seeks to organize the labor market. The ministry is meant to support private sector establishments in several ways, including helping them in hiring Saudis by supporting the training and qualification of employees, as well as supporting employment procedures and other initiatives. On a similar note, the Local Content and Government Procurement Authority is required to follow up on the commitment to include Saudization requirements in consulting contracts. It has also issued a guide that clarifies the details of localizing the consultancy sector and professions, and the mechanism of implementing it. Reshaping the consultancy sector Azeem Zainulbhai, co-founder and chief product officer at talent-on-demand platform Outsized, believes the Saudization rules in the sector will help keep more money in the Kingdom, even though training costs could increase. “This move means less reliance on experts from abroad in key fields like finance, project management and cybersecurity. Essentially, it’s about creating more jobs for Saudis in important, well-paying sectors and making sure they're trained for these roles,” he told Arab News. “The end objective is to get better at handling projects and business dealings that are specific to Saudi culture and regulations, stimulate private sector growth, and foster a knowledge-based economy ultimately making companies more efficient and competitive globally,” the co-founder emphasized. By Reem Walid Repost by Salem Bagami

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I’m pleased to share my recent interview with Al Hurra TV, where we discuss the critical issue of insurance companies evading the costs of treatment for chronic diseases such as malignant tumors, heart disease, and dialysis. This evasion is a significant problem that profoundly affects the lives of patients and their families, leaving them to face exorbitant costs with little support. Some insurers exploit gaps in contracts or impose complex terms, making it difficult for patients to obtain proper compensation. A recent study by KFF indicated that nearly 60 percent of individuals have encountered problems with their health insurance in the last 12 months. Addressing this issue requires legal intervention and increased awareness to ensure patients’ rights to access necessary healthcare without financial hardship. Your support and engagement are highly valued, and I look forward to sharing this moment with you. #Hospitalization #HealthInsurance #CriticalCases #Insurance #Reinsurance #MedicalExclusion #ArabGulf #HurraTV#DubaiTV#Abu DhabiTV

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The H1 2024 Saudi Arabia Venture Investment Repor Were you aware that Saudi Arabia secured the largest portion of the capital deployed in the MENA region again in H1 2024? Download our H1 2024 Saudi Arabia Venture Investment Report sponsored by SVC to uncover valuable insights about the Kingdom’s performance in the venture capital landscape in H1 2024. Overview The H1 2024 Saudi Arabia Venture Investment Report, sponsored by SVC, underscores Saudi Arabia's leading role in the MENA VC landscape and its continued appeal to both local and international investors How did the Saudi VC space perform in H1 2024? In H1 2024, Saudi Arabia reaffirmed its position as the leader in Venture Capital funding across the Middle East and North Africa. Despite a slight 7% year-on-year decline, Saudi Arabia’s VC ecosystem aggregated an impressive $412M in funding. Notably, 32% of this funding came from a significant $130M deal in Salla, marking the only MEGA round in the MENA region for 2024 so far. Deal flow activity in Saudi Arabia remained relatively stable, with only a 3% YoY reduction in H1 2024, solidifying its status as the second most active MENA country in terms of transactions. The country's contribution to the MENA region's total funding surged from 38% in H1 2023 to 54% in H1 2024, with Saudi Arabia accounting for 30% of total deals, up from 25% in the same period last year. This growth highlights Saudi Arabia's resilience, as the overall MENA region experienced a more pronounced 34% YoY decline in aggregated funding. The gap between Saudi Arabia and the UAE, the second-ranked country by funding, widened from $166M in H1 2023 to $187M in H1 2024. At the level of deals, the UAE had 20 more transactions than Saudi Arabia in H1 2024, this gap in deal flow activity increased from just 10 transactions in H1 2023. https://lnkd.in/ecDhc-KY Report by MAGNiTT Report by Salem Bagami Chief Executive Officer Digital Transformation Company & Managing Director 2080 Ventures Email: [email protected] Website: www.2080.ventures - #Sovereignwealthfund #SaudiArabia #Investment #Opportunities #privatequity #wealthmanagment #PIF #Familyoffices #assetsmanagment #Riyadh #Saudivision2030 #growth #fundmanger #hedgefunds

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Why are single family offices established? Here is an overview of the main factors in establishing a SFO in the MENA region. The main reason is, without much surprise, the institutionalisation and professionalisation of investments and assets management. Family oriented issues, such as succession and legacy are also significant reasons to create an SFO. Are you surprised by the difference reasons and their relative importance? Does that contradict your family office experience? Fell free to comment below. Thank you for reading. The chart is from "The Rise of Single Family Offices in the MENA" report published by LGT Private Banking & Tharawat Family Business Forum. Thank you Hugo King-Oakley for sharing. Did you appreciate this post? Would you like to see more? Like this post Follow Hugues Hallot 🔔 Ring it on my Profile 🔝 Connect with me #FamilyOffice #Investment

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The transition of privately owned healthcare providers in the Middle East to publicly traded corporations can potentially lead to increased access to capital, which may facilitate improvements in healthcare infrastructure and services. However, whether this shift results in better healthcare outcomes for patients depends on how the transition is managed, the priorities set by the corporation, regulatory oversight, and the commitment to patient care quality. While higher capital availability can support enhancements in healthcare delivery, it does not guarantee improved healthcare outcomes for patients. It is crucial for healthcare providers to prioritize patient care quality, invest in staff training, ensure patient safety, and maintain a patient-centered approach throughout the transition to public ownership. #vision2030 #healthcare #privatization #patientcare

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The healthcare sector in the GCC (Gulf Cooperation Council) is undergoing a remarkable transformation, with current healthcare expenditure to rise to 5.8% by 2027 from 5.0% in 2022. In 2023, the region’s healthcare expenditure was valued at approximately $110 billion, and it is expected to grow significantly, reaching $135 billion by 2027 with 5.4% CAGR. This growth is driven by increasing demand for quality healthcare services, an aging population, and an evolving healthcare landscape. Governments across the region are investing heavily in healthcare infrastructure, digital health technologies, and improving access to care. National health insurance strategies and healthcare awareness focuses on to take the stress off of the public sector infra. The next few years promise significant transformation making GCC a medical tourism hub and the UAE's growing tourism trend only adds to the growth of overall growth of the medical industry in GCC. #GCC #Healthcare #IndustryGrowth #DigitalHealth #HealthcareInvestment #Innovation #HealthcareExpenditure #HealthTech

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 What happens if Middle Eastern VC money stops flowing? A very accurate picture of the global VC fund byLeah Hodgson depicts where it stands! As global venture capital faces a challenging fundraising environment, Middle Eastern capital has become a critical source of funding. However, a shift is occurring. Saudi Arabia’s Public Investment Fund (PIF)—a key player in the region's investment spree—has begun prioritizing domestic projects. This strategic shift may send ripples through the global VC ecosystem, as PIF, and other sovereign wealth funds like those in the UAE, have been instrumental in sustaining VC investments amid falling oil production and prices. With Western and Chinese investors increasingly looking to the Middle East for capital, the region’s role in the global VC landscape is undeniable. However, as sovereign funds tighten their focus locally, VCs may need to adapt to new regional dynamics to maintain access to this crucial funding. Foreign investors may soon need to deepen their regional involvement to access Middle Eastern capital, particularly as countries like Qatar incentivize local support to boost their startup ecosystems. Is your VC strategy ready for these shifts? #VentureCapital #MiddleEast #Investment #PIF #Startups #SaudiArabia #UAE #Qatar #GlobalInvesting #TechStartups #pitchbook

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AI can empower healthcare leaders to overcome some of the sector’s most historically daunting challenges, and supercharge the healthcare ecosystem. Find out how in our latest report ‘A Healthcare Reboot for the GCC: https://pwc.to/3Skufmq PwC Middle East

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If you are employed in Saudi Arabia and you haven’t built an investment portfolio for when you no longer have a monthly pay (losing a job or retiring), you should consider that now! The evolution of CMA-licensed robo-advisory platforms made it easy for you. Simply select a risk profile you are comfortable with and start transferring a monthly amount to invest in well-diversified sharia-compliant portfolios. You can create sub-portfolios for your kids too and teach them the right habit early on. Despite being relatively new, these platforms have attracted more than 200,000 people with assets of almost SR2 billion, growing double-digits on quarterly basis. I’ve been tracking them and investing for myself and my girls via تمرة المالية | Tamra Capital which is leading this sector in terms of assets under management but you can use any of them such as Malaa Technologies, Abyan Capital, مدخول المالية , Drahim | دراهم Source of data: CMA quarterly reports

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Entrepreneurial Mindset Embrace the entrepreneurial spirit, where every challenge is an opportunity, and every idea holds the potential for innovation. 💡 Entrepreneurs see the world differently. They are risk-takers, innovators, and dreamers. Let's cultivate this mindset and turn visions into reality. 🚀 Share a lesson learned from your entrepreneurial journey or a venture you admire. Let's inspire each other with stories of courage and creativity. 🌟 #EntrepreneurialSpirit #InnovateAndCreate #DreamersAndDoers #tareqnaseriddin #cfo #naseriddin #megillion

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I recently gave an interview to MEA Finance Magazine, where I had the opportunity to share my thoughts on the state of private equity and venture capital in the GCC. The discussion covered the regional economy, factors driving startup activity, trending sectors for investment, and the ESG considerations. Read the full interview here: https://lnkd.in/dhv-bQrh #venturecapital #privateequity #investmenttrends #GCC Aument Capital Partners Andrew Dalton Alex Lawrence

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