UAE – Ethmar International Holding has purchased a significant stake in Al Ain Pharmacy Group, a world-class provider of health services and pharmacies in the United Arab Emirates.
With nearly 45 years of experience in the UAE healthcare market, Al Ain Pharmacy Group owns over 50 branches across Al Ain, Abu Dhabi, Dubai, and the Northern Emirates.
The acquisition of a minority stake in Al Ain Pharmacy Group will play a crucial role in helping the care provider’s ongoing efforts to emerge as a leading force in the UAE’s pharmaceutical sector.
The purchase marks the first investment of Health Plus Holding, a subsidiary of Ethmar International Holding and its healthcare investment arm.
In a press release, Dr. Ziad Amir Saleh, Chief Executive Officer of Al Ain Pharmacy Group, said: “We are thrilled about this partnership with EIH as it will open up new paths for our growth and development.”
The proceeds from this transaction will be used to accelerate the expansion of EIH’s integrated healthcare services business while exploring new markets in the healthcare sector in the UAE.
Ultimately, Ethmar International Holding will play a pivotal role in creating job opportunities to accommodate the many new entrants to the job market.
EIH’s strategic investment in Al Ain Pharmacy Group exemplifies its commitment to identifying opportunities that can positively impact society and contribute to driving the country’s economy.
The buyout deal is in alignment with the company’s vision to diversify the sources of investment, provide sustainable value to investors, and achieve the maximum return on investment.
Headquartered in the Emirate of Abu Dhabi, EIH has a track record characterized by remarkable growth, diversity, and profitability.
The company has cultivated a diversified, innovative, and sustainable investment portfolio comprising over 40 successful companies across various sectors at the local and international levels.
The investment firm aspires to deliver on the UAE’s economic objectives, ensure tangible, long-term, and sustainable returns to EIH investors, and give back to the community it serves.
With Al Ain Pharmacy Group under its fold, Ethmar International Holding is expanding its investment portfolio to include various vital sectors such as healthcare.
It marks a significant milestone for EIH as it seeks to strengthen its investment in the healthcare sector through its healthcare investment arm, Health Plus Holding.
EIH’s Health Plus Holding will focus on investing in the healthcare sector, including pharmacies, hospitals, and medical centers, and various healthcare facilities.
Backed by Ethmar International Holding, Al Ain Pharmacy Group will maintain its widespread recognition and position itself as the leading network of pharmacies in the UAE.
“Undoubtedly, it will empower us to deliver a wide range of healthcare services to our customers and enable us to play a larger, effective role across the healthcare landscape in the UAE,” stated Dr. Ziad Amir Saleh.
For all the latest healthcare industry news from Africa and the World, subscribe to our NEWSLETTER, and YouTube Channel, follow us on Twitter and LinkedIn, and like us on Facebook.