EIH Ethmar International Holding Acquires Stake in Al Ain Pharmacy Group through its Company ‘Health Plus Holding’

The move comes as part of the company’s commitment to strengthen its presence in the healthcare sector

Abu Dhabi, UAE, 18 September 2023: EIH Ethmar International Holding PJSC “EIH”, a company based in Abu Dhabi, has announced the acquisition of a stake in Al Ain Pharmacy Group, the first investment of “Health Plus Holding”, a subsidiary of EIH and its healthcare investment arm, and part of its strategic vision to expand in this vital Sector.

Al Ain Pharmacy Group is one of the best providers of health services and pharmacies in the UAE, and 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. This acquisition further strengthens EIH’s position in the healthcare sector, in continuation of its plan to expand in this sector.

On this occasion, Mr. Ali Elgebely, Managing Director and Group CEO of EIH, 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, therefore “Health Plus Holding: will focus on investing in the health care sector, including pharmacies, hospitals and medical centres, and various healthcare facilities”.

Dr. Ziad Amir Saleh, CEO of Al Ain Pharmacy Group, commented on the acquisition, saying: “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.”

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.

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About EIH Ethmar International Holding

EIH Ethmar International Holding PJSC is a leading holding company based in Abu Dhabi, United Arab Emirates. With a proven track record, EIH has established and acquired over forty successful companies in seven diversified major sectors, including energy, real estate, alternative investment, technology, healthcare, travel & tourism, and automotive & trading. EIH is committed to ensuring the ongoing success of its investors by fostering sustainable growth, creating mid- and long-term investment opportunities, and ensuring dividend distribution. EIH supports the vision of leadership by encouraging innovation and empowering growth through a diversified investment portfolio. The organization is committed to giving its investors sustainable returns while also advancing the region’s economy and prosperity. EIH continues to advance and provide value in the landscape of international business with a forward-thinking strategy and a focus on quality. For more information, please visit: www.eihuae.com

About Al Ain Pharmacy Group

Al Ain Pharmacy Group has been one of the top leading pharmacy retail chains in the UAE for over four decades. With over 55 healthcare and retail facilities spread across the United Arab Emirates, it serves over 5000+ customers daily, continuing to thrive and achieve great success in the pharmaceutical and commercial sectors. Al Ain Pharmacy Group understands the importance of world-class service to meet its customers’ expectations. Its team of pharmacists is equipped with the necessary training and guidance to provide customers with premium healthcare services, and it offers a vast range of more than 30,000 products to ensure that customers receive the care that best fits their needs. As a leading healthcare provider in the UAE, Al Ain Pharmacy Group remains committed to serving the future while honoring the past. It takes pride in its mission to provide quality healthcare services and strives to maintain the highest standards in all aspects of its operations.