Ethmar International Holding (EIH), an Abu Dhabi-based company, has acquired a stake in Al Ain Pharmacy Group, one of the best providers of health services and pharmacies in the UAE.
The acquisition is the first of “Health Plus Holding”, a subsidiary of EIH and its healthcare investment arm. This strategic move marks a significant milestone for EIH as it seeks to diversify and strengthen its investment in the healthcare sector through its subsidiary, “Health Plus Holding”.
For over four decades, Al Ain Pharmacy Group has been at the forefront of the pharmaceutical sector, earning widespread recognition and boasting a wide network in the UAE.
“We are thrilled about this partnership with EIH as it will open up new paths for our growth and development. Undoubtedly, it will empower us to deliver even more comprehensive healthcare services to our customers and play a larger, more effective role across the healthcare landscape in the UAE.”
Mr. Ali Elgebely, Managing Director and Group CEO of EIH, said that this acquisition represents a significant step for EIH to strengthen its presence in the healthcare sector and aligns with the company’s vision to diversify the sources of investment, provide additional and sustainable value to investors, and achieve the maximum return on investment. “Therefore, Health Plus Holding will focus on investing in the healthcare sector, including pharmacies, hospitals and medical centres, and various healthcare facilities,” Mr. Elgebely added.
EIH’s strategic investment in Al Ain Pharmacy Group exemplifies its commitment to identifying opportunities that positively impact society while expanding its investment portfolio to include various vital sectors, thereby contributing to driving the country’s economy and creating job opportunities.