Healthcare MENA Limited, a prominent regional healthcare operator, that is managed by Al Masah Capital Limited, an alternative asset manager, held its annual board meeting to discuss its 2011 results, and recommended to distribute 8% dividends to the shareholders of Healthcare MENA Limited.

Investment in two of the most reputed healthcare assets in Abu Dhabi followed by the third acquisition in Dubai in October 2011 and a fourth deal in Kuwait in December 2011 have helped solidify its position as one of the major regional healthcare players offering healthcare services across a wide ranging spectrum.

Commenting on the news, Mr. Shailesh Dash CEO and Founder of Al Masah Capital Limited and Board Member of Healthcare MENA Limited & Alchemist Healthcare LLC stated, “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 declaration of 8% back to them. 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 the future plans of Healthcare MENA Limited & Alchemist Healthcare LLC by adding, “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 centres 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 specialities 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 specialities like dentistry and cosmetology,” added Ghosal.

Alchemist Healthcare LLC is managed by Al Masah Capital Limited; an alternative investments asset manager with special focus on social infrastructure initiatives such as promoting the private investments in important sectors such as healthcare, education, and transportation. Al Masah Capital Limited is run by one of the most experienced management teams in the MENA region, boasting an impressive track record in the fields of private equity and alternative investments in the MENA region, with Al Masah Capital Limited currently managing US$400 mln of Assets Under Management (AUM).

Healthcare MENA Limited, a prominent regional healthcare operator, that is managed by Al Masah Capital Limited, an alternative asset manager, held its annual board meeting to discuss its 2011 results, and recommended to distribute 8% dividends to the shareholders of Healthcare MENA Limited.

Investment in two of the most reputed healthcare assets in Abu Dhabi followed by the third acquisition in Dubai in October 2011 and a fourth deal in Kuwait in December 2011 have helped solidify its position as one of the major regional healthcare players offering healthcare services across a wide ranging spectrum.

Commenting on the news, Mr. Shailesh Dash CEO and Founder of Al Masah Capital Limited and Board Member of Healthcare MENA Limited & Alchemist Healthcare LLC stated, “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 declaration of 8% back to them. 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 the future plans of Healthcare MENA Limited & Alchemist Healthcare LLC by adding, “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 centres 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 specialities 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 specialities like dentistry and cosmetology,” added Ghosal.

Alchemist Healthcare LLC is managed by Al Masah Capital Limited; an alternative investments asset manager with special focus on social infrastructure initiatives such as promoting the private investments in important sectors such as healthcare, education, and transportation. Al Masah Capital Limited is run by one of the most experienced management teams in the MENA region, boasting an impressive track record in the fields of private equity and alternative investments in the MENA region, with Al Masah Capital Limited currently managing US$400 mln of Assets Under Management (AUM).