Response Plus Medicals (RPM), an associate of ADX-listed Alpha Dhabi Holding, made its market debut on September 14th on the Abu Dhabi Securities Exchange (ADX) Second Market.
RPM is one of the UAE’s largest providers of on-site healthcare management, with over 1,600 employees and paid-in capital of 54.5 million. The company, which was founded in 2010, is specialized in medical emergency transports from remote worksites and has a fleet of over 160 ambulances, one of the largest in the region.
RPM, which provides medical support to the oil and gas industry, chemical industries, and construction sites, has offices in the UAE, Saudi Arabia, and Oman, and is planning to expand further in the GCC, Africa, and India over the next five years.
“We are excited to be bringing RPM, on to the ADX Second Market. RPM has grown rapidly into a leader in healthcare management and medical emergency transfers, providing innovative and accessible solutions to corporate clients. The company is executing a well-defined five-year strategy to expand into new markets and to integrate and launch new services. By taking RPM public, we can share this exciting growth prospect with a broader base of investors.”
Alpha Dhabi Holding, which debuted on the main board of ADX in June 2021, is a leading real estate company with investments and developments in various sectors like construction and real estate, hospitality, healthcare, and infrastructure, and transportation projects in UAE and Middle East.
Dr. Shamsheer Vayalil, Chairman of RPM said, “Listing on ADX is a major milestone in RPM’s development into a leading healthcare company in the region. We are now expanding geographically and enhancing our offering of services to grow our client base significantly. This is an exciting time to be part of the RPM growth story.”