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Al Masah Capital Limited & Healthcare MENA Limited have Met at an Annual Meeting

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Al Masah Capital Limited & Healthcare MENA Limited have Met at an Annual Meeting

Al Masah Capital Limited & Healthcare MENA Limited have Met at an Annual Meeting

held its annual meeting to discuss its 2011 results, which is also required to distribute 8% dividends to the shareholders of Healthcare MENA Limited. Mr. Shailesh Dash CEO and Founder of Al Masah Capital Limited and Board Member of Healthcare MENA Limited & commented “I would like to take this opportunity to extend my gratitude to our supporting shareholders, who helped us in establishing Healthcare MENA Limited and today we are happy to announce our first dividend. We established our healthcare venture in early 2011, at turbulent times for the region, but have been able to build up a profitable and high growth venture within a span of less than a year”.

Mr. Amitava Ghosal, Partner at Al Masah Capital Limited and Board Member of Healthcare MENA Limited & Alchemist Healthcare LLC added “The solid performance of our assets, and the immediate growth & cost restructuring plans we implemented improved the performance of the assets both financially and operationally, and we are now set to pursue our long term growth plans for our assets”. Mr. Shailesh explained “Our 2012 plans for Healthcare MENA Limited & Alchemist Healthcare LLC include strengthening our presence in the UAE by adding several other healthcare facilities in Dubai and Sharjah. Further, we are currently looking at acquiring 2 more medical centers in Kuwait. On the regional front, we are in the final stages of establishing our presence in Oman, where we already are negotiating 3 deals. We also started the field-work and research for extending our reach to Saudi Arabia and Qatar”.

“We have plans to almost double the number of patients currently seen at our current facilities in the next two to three years by scaling up our business in terms of more specialties and introducing state of the art equipment and services in our facilities. For our next acquisitions, we intend to expand our healthcare offering by focusing on specialties like dentistry and cosmetology” added Ghosal. Al Masah Capital Limited organizes Alchemist Healthcare LLC which focuses social infrastructure initiatives such as promoting the private investments in important sectors such as healthcare, education, and transportation.

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