PureHealth announces first dividend of 20% for 2024

PureHealth, a hospital operator based in Abu Dhabi, has announced it will pay a dividend of 20% to its shareholders for 2024. This amounts to Dh343 million, or Dh0.03 per share. The company reported a net profit of Dh1.7 billion from revenues totaling Dh25.8 billion. PureHealth became a publicly traded company in late 2023, following a successful initial public offering (IPO) on the Abu Dhabi Stock Exchange (ADX). Since then, it has expanded its interests abroad, particularly in the US and the UK, while also consolidating its operations in the UAE. Currently, PureHealth's stock is trading at Dh2.88. Analysts expect the stock price could rise if the company shows strong financial results in the first half of 2025. They believe upcoming overseas acquisitions could significantly boost revenue and profit margins. Recently, PureHealth acquired a 60% stake in Hellenic Healthcare Group in Greece. The global private equity firm CVC will remain a minority partner in this venture. PureHealth is committed to further expanding its international presence. More updates are expected soon.