Media Release
UAE, Nov 3: The Thumbay Group UAE an international business conglomerate with its headquarters in United Arab Emirates and established in 1997 by its founder, a visionary and third generation entrepreneur from India, Thumbay Moideen, has announced formation of a board to implement the group’s strategic plans and to strengthen corporate governance, to align with its Vision 2020.
As per the official communique issued by the founder president of the group Thumbay Moideen, Akbar Moideen Thumbay has been elevated as the vice president healthcare division of the group. For over six years Akbar was handling the healthcare operations of the group. He was responsible for the hospitals and retail division of the group. Under his leadership the division has seen an exponential growth in the business and has seen establishment of Thumbay clinics, Thumbay pharmacies and Zo & Mo Optical shops in UAE and India.
"I am extremely thankful to the founder president for providing me with this opportunity. I am excited at taking up the position of vice president of Thumbay Group's healthcare division and will now strive to achieve the great vision that the president has visualized. I take up this role as a responsibility to ensure that the healthcare division, which consists of Thumbay hospitals and clinics, becomes the leading healthcare service provider in the region. As part of my new initiatives, I shall be now revisiting the strategy and macro level operations for the division to help achieve our goals and implement our ambitious expansion plans. After moving to the UAE at the age of 15, he continued his studies with the International School of Choueifat in the UAE and completed his graduation in mechanical engineering from American University of Sharjah (AUS). He later went on to continue his postgraduate studies in hospital management from the renowned SDA Boccioni School of Management, Milan, Italy.
The president has also announced the formation of the board comprising of founder president Thumbay Moideen, vice president healthcare division Akbar Moideen Thumbay, Akram Moideen Thumbay, director construction and renovations division, Moideen Farhad C, director hospitality division and Nazeer Hussain Patayath, director finance and budget of the group. The board will be the final decision making body and will be responsible to formulate the strategies for the group operations all over the world.
The Thumbay Group UAE has ventured into new avenues of service with missionary zeal and has over the past seventeen years spread its wings of excellence in various fields of social and business endeavours. The group has blossomed into a diversified group with operations in education (Gulf Medical University), healthcare (Thumbay hospitals and clinics), medical research, diagnostics, Thumbay pharmacies, health communications, retail opticals (Zo & Mo), wellness (Body & Soul Health Club & Spa), nutrition stores, hospitality (Blends & Brews Coffee Shop), real estate, publishing (Health magazine), Thumbay marketing and distribution company. An academic and entrepreneurial powerhouse, the Thumbay Group takes its strength from an empowered and loyal employee group of nearly three thousand people.
The group is an established and reputed name in education and healthcare. Today the group has more than 3000 people working in the organization from over 22 nationalities. With the current expansion plans and ongoing projects, the numbers are expected to reach 6000 employees in the next two years. With 13 verticals the group is constantly expanding reach, both in terms of products and services as well as geographically. As per the strategic plan, the group is planning to establish 3-4 university campuses and 10-15 hospitals in other countries. The group is also looking at expanding their retail business ventures in GCC and other countries in the next 5-7 years, thus increasing the staff strength to over 10000 employees with an estimated business of US$ 2 billion.