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Wednesday, November 6, 2024
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RPH to pay $13.6m in interim dividend

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The board of directors of Response Plus Holding (RPH) has decided to pay an interim dividend of AED50 million (US$13.6 million) to the company’s shareholders.

RPH is currently one of the region’s leading healthcare providers, a position that enables the company to grow and explore new verticals while continuing to provide quality healthcare to over 1 million people in over 45 countries .

As one of the largest service providers of on-site healthcare management, occupational medicine and emergency medical services, the company’s remarkable growth has been supported by a growing number of high-profile clients and the launch of an exceptional healthcare infrastructure in the UAE.

solid financial position

RPH has delivered solid financial performance over the past two years with zero bank debt on its books. The company also maintains good net current assets and liquidity ratios.

Given the strong financial performance and cash generation over the past few years, shareholders on the company’s books as of January 5, 2023 (the record cut-off date) will receive 0.25 fils per share.

The decision is the result of a recent amendment to RPH’s articles of association, under which the board of directors was empowered to distribute interim dividends.

growth trajectory

Major Tom Louis, Chief Executive Officer of RPH, commented: “Our achievements are due to the continued trust and support of our clients. The company has maintained its financial growth trajectory. Businesses in new geographies and destinations such as Nigeria and Egypt provide a solid foundation that will allow us to continue our growth journey in the years to come, fulfilling our obligations to our shareholders and the community at large.

“In line with our strategic business plan, we intend to expand further into countries such as the UK and the US in the near future by launching new projects that will confirm the leading role played by UAE companies at a local and international level.” — trade arab news agency

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