The Thumbay Group has treated and screened more than 10 million patients. Image: Supplied
The Thumbay Group has treated and screened more than 10 million patients. Image: Supplied
The Thumbay Group has treated and screened more than 10 million patients. Image: Supplied
The Thumbay Group has treated and screened more than 10 million patients. Image: Supplied

Thumbay Group enters 25th founding year



Thumbay Group enters 25th founding year. The foundations of its formal entry into the corporate world were laid on august 1997 by Dr. Thumbay Moideen, Founder President, and since then, the Thumbay Group has grown to be a multi-domain, multi-Emirate player.

We have been Unique, Trendsetting, and Innovative
Dr Thumbay Moideen,
Founder President, Thumbay Group

Over the span of these 24 years, the Thumbay Group has grown from establishing the First private Medical College to a large, mature player that is now a well-established name in Medical Education, Healthcare, Research, Laboratory, Pharmacy and Several other Hospitality businesses like Health Clubs, Coffee Shoppe, Optical Shops and Flower Shops. It has Over 110 touch points across 7 Emirates with tie-up’s to more than 70 institutions across the globe.

The Thumbay Group has treated and screened more than 10 million patients, and conducted over 65,000 deliveries, with patients from 175 countries. The University has graduated over 2269 students, which form 60% of Health professions every year and 20% doctors every year graduating from UAE. The group employees more than 3000 people, having 400 doctors and paramedics from 35 countries with an investment of 1.5 billion in total in the span of 24 years.

Source: Thumbay Group
Source: Thumbay Group

Commenting on this occasion, Dr Thumbay Moideen, founder President, Thumbay Group, said, “This is a momentous year for us. Our 24 years are very special to us as they signify the strength of our long-term vision, our focus on consumers and our ability to run businesses that add value to people and society. We are very keen to make this year extra exciting and joyful for our customers, employees and all other stakeholders. And equally importantly, we are re-energized to create many more fabulous years of responsible and progressive operations”. The pandemic has changed the dynamics of the business and Thumbay Group has coped well with challenging times. We are all geared up for growth and ready to welcome EXPO 2020 in 2021 with exciting new services and programs to benefit all travelling to the United Arab Emirates. We thank the almighty, the government of UAE and the rulers of this beautiful country and my dedicated team to make this journey so far and fruitful.

On this occasion the founder has planned several activities and programs to make 2021 a special year in the history of Thumbay group and dedicated the next five years towards growth of Medical Education, Healthcare and Research which aligns to the goals and vision of United Arab Emirates. Creating More Jobs, employing its own alumni, Creating Internship opportunities in every department thumbay group operates.

The Thumbay Hospital network, which today has the distinction of being the biggest chain of private academic hospitals in the region and Thumbay Group’s Healthcare Division operates 8 academic hospitals having facilities of 800 inpatients beds, 10 family clinics/ Medical Center, 5 diagnostic labs, and 46 retail pharmacy outlets & First Drive through Pharmacy. Thumbay Labs doing large number of RT-PCR Tests Daily and two Hospital with over 200 Beds Dedicated for Corona In-patient Treatment. The Thumbay Medical tourism department is very active in promoting all services under medical tourism speaking over 20 languages and having representative office in over 50 countries.

Thumbay Group has Identified the 25 firsts which it has achieved over its 24 years of operations. The top five being, the first private Medical University in UAE, the first private teaching Rehab hospital, the first private teaching dental hospital, established the first Thumbay Medicity, the first private Academic Health system, The First private University to get QAA Global Accreditation.

War and the virus
The Details

Kabir Singh

Produced by: Cinestaan Studios, T-Series

Directed by: Sandeep Reddy Vanga

Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa

Rating: 2.5/5 

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

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Guide to intelligent investing
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2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

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UAE currency: the story behind the money in your pockets
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Updated: September 01, 2021, 10:05 AM