GymNation Secures $100M BlackRock-Backed Credit Facility to Fuel GCC and Asia Expansion

Dubai-founded @gymnation_me has secured a $100 million private credit facility from funds managed by blackrock -owned HPS Investment Partners as the company pushes ahead with Gulf and Asia expansion plans. The financing package will support a pipeline targeting more than 100 GCC locations over the next three years, alongside a planned Asia expansion and investments into AI and machine learning infrastructure. Founded in 2018, GymNation now operates close to 50 locations across the UAE, Saudi Arabia and Bahrain.

20 May