• PureHealth’s revenue surged 56% year-on-year to AED 19 billion, driven by significant growth in its hospital segment.
• The Group’s EBITDA increased by 26% year-on-year, reaching AED 3.1 billion.
• Net Profit of the Group increased by 13% year on on year, to reach AED 1.4 billion.

ABU DHABI, UAE, Oct. 31, 2024 /PRNewswire/ — PureHealth Holding PJSC (“PureHealth” or “the Group“) (ADX: PUREHEALTH), the largest healthcare group in the Middle East, today announced its financial results for the nine month period ending September 30, 2024. PureHealth recorded a 56% year-on-year increase in revenue to AED 19 billion, while EBITDA grew by 26% year-on-year to AED 3.1 billion, achieving a 16.5% margin. Net profit increased by 13% year-on-year, reaching AED 1.4 billion. This growth reflects strong performance across key verticals, supported by an expanding hospital network and strategic acquisitions locally and internationally.

Hamad Al Hammadi, Chairman of PureHealth, said: “As we progress along our defined growth trajectory, we remain dedicated to advancing the science of longevity in the pursuit of improving quality of life. The strategic acquisitions made this year have significantly strengthened PureHealth’s global position as an integrated healthcare platform, granting access to a premium cross-sector ecosystem. Our performance metrics underscore our commitment to driving innovation, achieving operational excellence and prioritising a patient-centric, proactive approach to care for the people of the UAE and beyond.”

Financial Performance Highlights: 
Revenue growth for the nine-month period was primarily driven by increased patient demand within the Group’s hospitals segment, which remains the largest contributor to overall revenue, reaching AED 14.6 billion. The hospitals segment reported an impressive 87% year-on-year revenue increase, largely attributed to strategic acquisitions completed earlier this year. Key additions include Sheikh Shakhbout Medical City (SSMC), the UAE’s largest healthcare complex, and Circle Health Group, the UK’s largest private hospital group. The integration of the National Rehabilitation Centre (NRC), the UAE’s largest addiction rehabilitation facility, and Sheikh Khalifa Hospital Fujairah, the leading tertiary care hospital in Fujairah, further strenghthend the segment’s performance, enhanced service delivery, and expanded the Group’s operational footprint.

Shaista Asif, Group Chief Executive Officer at PureHealth, said: “PureHealth’s strong financial performance for the period underscores the success of our strategic focus on growth through targeted acquisitions and operational excellence. The significant revenue and profit increases reflect our expanding healthcare network, particularly in the hospital segment, where key assets such as Sheikh Shakhbout Medical City (SSMC) and Circle Health Group have played a pivotal role. As we look ahead, our focus remains on leveraging innovation and digital transformation to drive long-term growth, expand our global footprint, and continue creating value for our stakeholders.”

Patient interactions across our UAE and UK assets increased by 66%. Overall Outpatient, Inpatient and Emergency volumes increased by 70%, 105% and 34% respectively. Alongside the phenomenal volume growth, the Group’s bed capacity has expanded by 82%, bringing the total to approximately 4,800 beds.

The Insurance segment’s revenue grew 17% year-on-year to AED 5.1 billion in the first nine months 2024, driven by a 21% year-on-year increase in the Gross Written Premiums to AED 5.5 billion. The growth was underpinned by an improved value proposition, which enabled the retention of key accounts, along with a 4% year-on-year increase in the segment’s total number of active members to 3.1 million during the period.

Key Strategic Updates:
In 2024, PureHealth achieved significant milestones in expanding both its global and local portfolio. Internationally, Ardent Health successfully completed its initial public offering (IPO) on the New York Stock Exchange, marking a pivotal movement in the Group’s growth strategy. Additionally, Circle Health Group was named as the UK’s Top Private Hospital Operator, further underscoring the Group’s commitment to healthcare excellence on a global scale.

Locally, PureHealth optimised its operations through the sale of equity interests in Abu Dhabi Stem Cells Centre (ADSCC) and Yas Clinic. Sheikh Shakhbout Medical City (SSMC) was recently recognised as a Centre of Excellence for Burn Treatments by the Department of Health – Abu Dhabi.

Sustainability Report:
PureHealth launched its inaugural sustainability report aligned with international reporting standards and ADX Reporting Guidelines. It highlights The Group’s strategic approach and progress towards the decarbonisation pathways. PureHealth has committed to SBTi aligned Net Zero by 2040 target, and joined the United Nations’ Race to Zero Initiative. Being the first and only healthcare company in the Middle East region to make these pledges, PureHealth is leading collective action leveraging its expanding ecosystem. The report also details how The Group is creating innovative solutions that contribute to a lasting positive impact on communities.

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Discover Hub+: Revolutionary Payment Integration Project, from “One Touch to Many”

ALMATY, Kazakhstan, Oct. 31, 2024 /PRNewswire/ — EFT Solutions Holdings Limited (“EFT Solutions” or the “Company”, together with its subsidiaries, the “Group”; stock code: 8062.HK), a leading electronic fund transfer point-of-sales (“EFT-POS”) solutions provider, is pleased to announce that it is joining an array of world-class business professionals at the International Digital Kazakhstan Forum from 30^th to 31^st October 2024. Speaking at the Forum, Mr. Andrew Lo Chun-kit, the Chairman and CEO of EFT Solutions, shared his perspectives on offering accomplished e-payment service solutions and presented “Hub+,” a trailblazing gateway project that provides seamless payment integration services.

Taking place at Rixos Hotel Almaty in Kazakhstan, the Event provides a platform for experts from different sectors to share best practices and innovative ideas, contributing to the advancement of effective solutions for Central Asian markets. EFT Solutions is showcasing its latest project Hub+, aiding clients to cope with the ever-evolving ecommerce world.

At the keynote speech titled “Successful e-Payment Solutions Model in Hong Kong,” Mr. Andrew Lo Chun-kit, the Chairman and CEO of EFT Solutions, said, “With the ongoing evolution of the retail environment and consumer purchasing patterns, online shopping and e-wallets have seen a strong demand. Hub+ is tailored to meet each client’s business specific needs, offering streamlined multi-acquiring with customizable switching feature to enable clients to effortlessly manage multiple payment options from a single terminal, thereby navigating the rapidly evolving market.

Among the key features introduced with Hub+ is an “Application Programming Interface (API)” that enables the integration of various POS systems and payment terminals. Through cooperation with various payment partners and certification of the authoritative compliance systems, clients can seamlessly connect to a variety of e-payment service solutions and platforms for different usage in one single motion via reliable and stable services.

As a leading provider of electronic payment terminal solutions, EFT Solutions takes on enduring commitment to providing exceptional solutions and services. With dedication, expertise, and innovation, the Company is at the forefront of advancing payment systems, offering businesses and consumers enhanced flexibility, efficiency, and reliability.

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About EFT Solutions Holdings Limited

EFT Solutions Holdings Limited (Stock Code: 8062.HK) has been committed to providing a full range of “EFT-POS” electronic payment solutions, including supporting software, terminals and peripheral devices, to bring convenience to people and improve their quality of life. It aims at providing the most suitable electronic payment solutions for different customers, as well as providing value added functions for EFT-POS terminals, and coordinating terminal installation and maintenance services. Its EFT-POS terminal services cover renowned restaurant group, banks, major chain stores and department stores in Hong Kong, and will be deployed across various APAC countries.

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DUBAI, UAE, Oct. 31, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is proud to announce the launch of its fully localized platform (bybit.kz) for the Kazakhstan market. Following its full authorization from the Astana Financial Services Authority (AFSA), Bybit is now fully compliant with local regulations and ready to offer Kazakhstan users a tailored, secure, and seamless trading experience at bybit.kz.

Tailored Trading for Kazakhstan

Kazakhstan residents can now access Bybit Kazakhstan (bybit.kz), which is specifically designed to meet local market needs. The platform offers the same world-class services available globally, with features adapted to ensure a smooth user experience for the Kazakhstan crypto community.

Key Features of Bybit Kazakhstan:

Streamlined Registration Process

Users can easily register new accounts using their email addresses through bybit.kz, available exclusively to Kazakhstan citizens. The onboarding process is streamlined, adhering to local standards for a quick and hassle-free start to trading.

Diverse Trading Options

Bybit Kazakhstan offers an extensive range of cryptocurrency trading services, ensuring that traders of all levels can confidently engage in the market. The platform supports spot trading, allowing users to buy and sell a variety of cryptocurrencies with real-time liquidity.

For more advanced traders, Bybit Kazakhstan provides derivatives trading, where users can trade sophisticated financial products like futures, enabling diverse trading strategies. Additionally, margin trading is available, giving traders the opportunity to amplify their positions with leverage, maximizing potential profits in both rising and falling markets. For those seeking liquidity without selling their assets, Bybit also offers crypto loans, allowing users to borrow against their crypto holdings.

Upcoming Fiat Gateway for Kazakhstan Tenge (KZT)

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In addition, Bybit Kazakhstan is collaborating with local banks to introduce a fiat gateway for Kazakhstan Tenge (KZT). This integration will enable users to effortlessly deposit and withdraw funds directly in KZT. The partnership with local banking institutions ensures hassle-free transactions and faster access to funds, providing enhanced convenience that is specifically tailored to Kazakhstan’s financial ecosystem.

Localized Customer Support

Bybit Kazakhstan provides dedicated support in Kazakh, Russian, and English, ensuring users can access assistance in their preferred language. Our local support team is fully equipped to address user inquiries and resolve any issues, adhering to Kazakhstan’s regulatory framework.

User-Friendly Experience

The bybit.kz platform is designed with user experience at its core. The localized interface, seamless navigation, and clear registration process make it simple for both new and seasoned traders to access the full range of services. The platform ensures a smooth journey from account creation to advanced trading strategies.

Safety and Security

As an AFSA-licensed platform, Bybit Kazakhstan upholds the highest security standards. The platform is built with industry-leading security protocols, ensuring that user assets and data are fully protected. Furthermore, Bybit adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, providing a safe and compliant environment for all users.

A New Chapter for Kazakhstan’s Crypto Traders

The launch of bybit.kz represents a significant milestone for Bybit as it continues to expand its global presence. This localized platform is set to empower the Kazakhstan crypto community by delivering reliable, secure, and advanced trading services that align with local needs.

For more information, visit bybit.kz or reach out to our local support team for assistance.

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About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50  million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press.
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