UAE – Mubasher: Ethmar International Holding (EIH) has acquired a stake in Al Ain Pharmacy Group, a UAE-based health services and pharmacy provider, through its subsidiary Health Plus Holding.
The takeover comes as part of EIH's strategic plan to expand its presence in the healthcare sector and diversify its investment portfolio, according to a press release.
EIH's investment in Al Ain Pharmacy further aims to provide additional and sustainable value to investors.
Managing Director and Group CEO of EIH, Ali Elgebely said: "The acquisition of a stake in Al Ain Pharmacy Group represents a significant step for EIH to strengthen our presence in the healthcare sector, aligning with our vision of the need to diversify the sources of investment, to provide additional and sustainable value to investors, and to achieve the maximum return on investment.”
Elgebely noted that the company will focus on investing in pharmacies, hospitals, and medical centres, in addition to healthcare facilities.
CEO of Al Ain Pharmacy, Ziad Amir Saleh, said: "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."