Thumbay Group strengthens corporate governance for transparency and 2X growth
Ajman (Press Release): As part of its oversight strategy for 2024, Thumbay Group has implemented a corporate governance structure to ensure transparency and record two-fold growth in the upcoming year. The induction took place on January 10 th , 2024 at its headquarters in Thumbay Medicity, Al Jurf, Ajman, and was attended by the senior management of the group.
In his keynote address, Dr. Thumbay Moideen, Founder President, Thumbay Group highlighted the importance of this comprehensive governance framework and its crucial role in steering the organization towards sustainable growth. "Thumbay Group has completed 25 years of operations in the UAE, and they have been very special. The new corporate governance structure in place signifies our strength for the next five-year plan - Vision 2028. We are focused on being consumer-centric and scaling our ability to run businesses that add value to people and society as a whole. Based on our well-defined growth plan, we are very keen to double the intake of students in medical education with comprehensive new programs that balance theoretical knowledge with practical training. Also, a two-fold increase in the healthcare business is envisaged, which will enable us to triple the value of the overall group by 2028 with initiatives and operational efficiency at the core. We are re-energized to
create many more fabulous years of responsible and progressive operations."
By establishing transparency as a fundamental principle, the Group aims to strengthen stakeholder confidence, cultivate a culture of accountability, and improve operational effectiveness. Additionally, it seeks to balance the interests of various stakeholders, including shareholders, management, consumers, suppliers, financiers, the government, and the community.
Thumbay Group is a diversified international business conglomerate with operations across different sectors including Education, Healthcare, Medical Research, Diagnostics, Retail Pharmacy, Health Communications, Retail Optical, Wellness, Hospitality, Real Estate, Publishing, Technology, Media, Events, Medical Tourism. Headquartered in Dubai, the group presently employs around 3500 people.
Thumbay Group is committed to provide quality care to the community and its Thumbay Healthcare today has the distinction of being the biggest chain of private academic hospitals in the region, treating patients from as many as 175 countries.
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May review decision of withdrawing support to Manipur’s BJP govt if CM is replaced: NPP
Imphal, Nov 21: The National People's Party (NPP), which recently withdrew support from Manipur’s BJP-led government alleging that the administration failed to resolve the crisis and restore normalcy, on Thursday said the party may reconsider the decision if the saffron party replaces Chief Minister N Biren Singh.
NPP national vice-president Yumnam Joykumar Singh also said that three of the party’s seven MLAs attended a meeting convened by the CM, but they should not have done so since support was withdrawn from the government.
The withdrawal of support on Sunday, however, did not have any impact on the BJP-led government, as the saffron party enjoys absolute majority with its 32 MLAs in the 60-member House. The Naga People’s Front and the JD(U) are also in the ruling coalition.
"CM Biren Singh has totally failed to bring normalcy to Manipur. That is the main reason for our national president (Meghalaya CM Conrad Sangma) to withdraw support for it. In case Biren is replaced, there is a possibility that a new government might take the steps required to restore normalcy. The NPP may reconsider its position at that time," Joykumar Singh told PTI.
He claimed that three NPP MLAs might have joined the November 18 meeting chaired by the CM because of “confusion”.
“The meeting was for NDA legislators. We have withdrawn support to the Biren Singh-led government but we are still NDA partners. However, we have cautioned our MLAs that attending such meetings without prior approval from the state or national president may lead to disciplinary actions," the NPP vice-president said.
Asked about media reports on notices sent to the NDA MLAs who were absent at the November 18 meeting, he said he did not think anything like that was sent to NPP legislators.
“Three NPP MLAs were present at the meeting while four were not. We are not aware of any notifications sent by Biren Singh. He might have sent notices to the BJP MLAs but that is their internal matter. He has no mandate to send notices to NPP MLAs," Joykumar Singh said.
On the Centre's decision to deploy an additional 50 companies of Central Armed Police Force (CAPF) in the state because of escalated violence, he said, "My assessment is no further deployment of security forces is required. The state is already over-saturated with security forces and it is a question of how to utilise them effectively."
Joykumar Singh, a former director general of police in Manipur, said that it appears from the current state of affairs that the additional companies of CAPF have been sent to protect the residences of MLAs and ministers.
Protestors recently attacked the residences of several ministers and legislators in Manipur.
Manipur has seen a fresh wave of protests after six people – three Meitei women and three children - went missing from a camp for displaced persons in Jiribam last week, following a gunfight between armed men and security forces that resulted in the deaths of 10 Kuki youths.
More than 220 people have been killed and thousands rendered homeless in ethnic violence between Imphal Valley-based Meiteis and adjoining hills-based Kuki-Zo groups since May last year.
