Abu Dhabi: «The Gulf»
“Response Plus” Holding Company announced the listing and start of trading its shares on the second market platform of the Abu Dhabi Securities Exchange under the trading symbol RPM.
Response Plus Holding is one of the largest field healthcare providers in the UAE, with more than 1,600 employees and a paid-up capital of AED 200 million. The company was established in 2010 and specializes in the transportation of emergency medical cases from remote worksites and operates more than 260 medical facilities in addition to owning one of the largest fleet of ambulances in the region with more than 160 vehicles.
Response Plus Holding Company provides medical support to the oil and gas, chemical and construction sites sectors, and has operations and activities in the UAE, Saudi Arabia and Oman, and is currently implementing its expansion strategy in the GCC, Africa and India over the next five years.
Saeed Hamad Al Dhaheri, CEO of the Abu Dhabi Securities Exchange, said: “We are pleased that Response Plus Holding has joined the list of companies listed on the Abu Dhabi Securities Exchange. The market has established itself as one of the most active financial markets thanks to the increasing number of new listings and the significant expansion of its products and services. By connecting promising growth companies such as Response Plus to a strong base of regional liquidity and elite global investors, the market will undoubtedly play a prominent role in supporting economic development in the region in the coming years.”
Hamad Al Ameri, Managing Director and CEO of Alpha Holdings, said: “We are pleased to list our subsidiary, Response Plus, on the second market platform of the Abu Dhabi Securities Exchange, after the company’s distinguished and rapid growth journey to become today a leading name in the Healthcare management and emergency medical transportation, in addition to its innovative and readily available solutions for corporate clients. The company is currently working on implementing a targeted five-year strategy aimed at expanding into new markets and integrating and launching additional services. After the inclusion of Response Plus in the financial market, we can share this promising growth trajectory with a broader investor base.”
It is worth noting that “Response Plus” Holding Company is the thirteenth company to be listed on the second market platform of the Abu Dhabi Securities Exchange since the platform was established in 2014. The market value of the second market, at the end of August, reached 38 billion dirhams, an increase of 273% compared to the same period last year.
For his part, Dr. Shamsheer Vialel, President of Response Plus, said: “The listing of Response Plus on the Abu Dhabi Securities Exchange is an important milestone in the company’s growth process and its transformation into a leading healthcare company in the region. This step comes after the company succeeded in building a distinguished record in meeting the specialized medical needs of the most vital industries such as energy and construction. Now we have started our expansion activities in the region as well as enhancing our solutions and services, ensuring that the company benefits more from economies of scale and promising opportunities to grow our client base. Therefore, we are now witnessing a distinguished stage in the company’s growth journey and an ideal opportunity to join it.”
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