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UAE medical firm RPM eyes India, Africa Market


After making its market debut on the Abu Dhabi Securities Exchange (ADX) Second Market, Response Plus Medical Holding (RPM), an affiliate of Alpha Dhabi Holding, aims to grow into India and Africa.

The firm, which is one of the leading suppliers of on-site healthcare management in the UAE, employs over 1,600 people and has a paid-in capital of AED200 million ($54 million).The firm, which was founded in 2010, specializes in medical emergency transfers from remote job sites, and it has over 260 medical facilities as well as a fleet of over 160 ambulances, which is one of the largest in the region.

RPM, which offers medical assistance to the oil and gas industry, chemical industries, and construction sites, has operations in the UAE, Saudi Arabia, and Oman and is executing a five-year expansion strategy in the GCC, Africa, and India.

“We are thrilled to be introducing RPM to the ADX Second Market,” RPM has quickly established itself as a market leader in healthcare management and medical emergency transfers, offering innovative and user-friendly solutions to corporate clients, said Hamad Al Ameri, managing director and CEO of AlphaDhabi.

“ADX is growing more lively as a result of a robust pipeline of listings and a broader offering of products and services. The exchange will play an important role in the region's economic development in the future years by connecting growing firms like RPM to substantial pools of regional liquidity and big global investors,” said Saeed Hamad Al Dhaheri, CEO of ADX.

Dr Shamsheer Vayalil, chairman of RPM, said, “RPM's listing on the ADX is a significant step in the company's evolution into a regional leader in healthcare. The firm has established a solid track record of meeting the specialized medical demands of key industries such as energy and construction. We are currently growing regionally and improving our service offering, guaranteeing that the firm benefits even more from economies of scale and potential to considerably extend our customer base.”


Source : qitrz.co
Posted on :9/29/2021