Altibbi secures $44 million to expand UAE and Saudi telemedicine

Altibbi raised $44 million in a Series B round led by Foundation Holdings and Hikma Ventures to scale its telemedicine platform in the UAE and Saudi Arabia. The company operates a network of 1,500 doctors and serves millions of monthly active users. CFOs at major regional hospital groups should monitor this capital injection, as it alters patient acquisition costs in the virtual primary care market. Regulatory compliance remains a barrier to entry for virtual care providers. The Ministry of Health and Prevention mandates that all telehealth services meet local data residency laws. Altibbi aims to integrate its platform with local electronic health records to maintain interoperability with partner hospitals while adhering to Dubai Health Authority and Department of Health licensing requirements. This funding signals investor demand for scalable health technology in the MENA region. Startup founders should watch for Altibbi to launch pharmacy delivery services, which would create direct competition with Life Pharmacy. Healthcare operators must decide if they will build proprietary systems or partner with vendors like Altibbi to meet the demand for digital consultations over the next 12 months.