UAE Business: Response Plus expanding in India and Saudi Arabia – Gulf Digital News

UAE Business: Response Plus expanding in India and Saudi Arabia – Gulf Digital News

Response Plus Medical Holding, a unit of ADX-listed Alpha Dhabi (subsidiary of International Holding Company),  has announced its expansion plans into India and Saudi Arabia.

 

Fresh from a remarkable market debut on September 14 on the Abu Dhabi Securities Exchange’s (ADX) Second Market, Response Plus Holding has invested AED36.5 million ($9.94 million) in India’s API Holding, one of the leading digital healthcare company with a pan India presence. 

 

This is the first investment of Response Plus Holding in India and part of a wider plan to expand its operations in the subcontinent of India. 

 

Major Tom Louis, Chief Executive Officer of Response Plus Holding PJSC said: “As part of the regional expansion plan, Saudi RPM Services (subsidiary of Response Plus Holding PJSC) will further invest AED7 million to purchase new state of art ambulances this month to provide emergency medical services and manage prestigious international events like Formula 1 Grand Prix, IHF Super Globe Handball, Red Bull Show Run & Soundstorm this year in Saudi Arabia.”

 

Mumbai-based API Holding is likely to be listed on the Indian market in the first quarter of next year, and the investment is touted as part of a pre-IPO funding round. API Holding is one of the largest