17 Rabi' I 1445 - 2 October 2023
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Eye of Riyadh
Business & Money | Tuesday 27 December, 2022 5:06 pm |

Response Plus Holding PJSC announces the distribution of 50 million dirhams in interim dividends to shareholders

In a milestone initiative, the Board of Directors of “Response Plus Holding”  rendered a decision on the 26th of December 2022 enabling the distribution of interim dividends to its shareholders amounting to 50 million dirhams. This came as a result of the new Articles of Association approved by the General Assembly of shareholders on the 21st of November 2022.


Response Plus Holding PJSC is currently one of the leading healthcare service providers in the region, a position that allows the company to grow and explore new verticals, while it continues to deliver quality healthcare services to more than a million people in over 45 countries. Considered one of the largest service providers of onsite healthcare management, occupational medicine and emergency medical services, the company’s remarkable growth was backed by an increasing number of prestigious clients and an exceptional medical infrastructure rolled out in the UAE.


Over the last two years, Response Plus Holding PJSC has achieved sound financial results, with zero bank debt in the books. The company also maintained good net current asset and liquidity ratio.


Tom Louis, CEO of Response Plus Holding



In view of this strong financial performance and cash generation during the last couple of years, shareholders registered in the company’s book on the 5th of January 2023 (Record Closing Date) will receive 0.25 Fils per share with the Last Entitlement Date being on the 3rd of January 2023 and the Ex-Dividend Date the 4th of January 2023. 


This decision comes as a result of the recent amendments made to the Articles of Association of Response Plus, according to which the Board of Directors was granted the authority to distribute interim dividends, in line with the shareholder-friendly policy of dividends distribution approved simultaneously with the mentioned amendments.


Major Tom Louis, CEO of Response Plus Holding commented: “We owe this achievement to the continuous trust and support of our customers, as well as to the visionary decision of Dr. Shamsheer Vayalil - Chairman of Response Plus Holding Group - and the esteemed members of the Board of Directors. Distributing interim dividends worth 50 million dirhams to shareholders is also part of Response Plus Holding's commitment towards safeguarding its shareholders’ benefits."


Tom Louis added: “The company has sustained its financial growth trajectory. Over the past twelve months, we have laid strong foundations for our presence in new regions and destinations in Saudi Arabia, India, Nigeria and Egypt, which will allow us to continue our growth journey for years to come as per our obligation to our shareholders and community at large. In our endeavor for sustained growth and good outcomes over the next 5 years, and in accordance with our strategic business plan, we intend to further expand into countries like the United Kingdom and the United States of America in the near future by launching new projects that will confirm the leading role played by Emirati companies at the local and international levels.”


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