The Company

• Jassim Transport & Stevedoring Company (“JTC”) is one of the largest integrated logistics companies in the GCC with product offerings include equipment rental, ports stevedoring, contract logistics and power rental.

• One of the most eminent, integrated logistics companies in the GCC.

The Company

• Planet Pharmacies (“Planet”) is a UAE based company focused on the acquisition, operation and management of retail pharmacies in the MENA region and is one of the leading healthcare products retailers & distributors in this domain.

• The Company acquired the pharmacy and distribution business of Julphar. Post-acquisition, the Company had sold off and closed some non-performing branches and initiated an acquisitive growth plan.

• Planet acquired a large retail pharmacies’ chain in KSA with 51 pharmacies in addition to other pharmacies in Oman.

• After optimization of the store portfolio and ongoing expansion, the Company currently has 162 retail pharmacies, spread across UAE, Oman & KSA.

The Challenges

• Consolidating the business was one of the key challenges across the various pharmacies in different countries.

• Optimal utilization of excess cash.

• Expansion by acquisition and the introduction of new investment opportunities.

Our Approach to Add Value

• Helped in finalizing the acquisitions made which lead to the enhancement of value proposition from new manufacturing initiatives.

• Internal audit reviews and improvement in internal controls.

• Improvement in reporting and financial performance dashboards.

• New acquisitions initiatives/targets in UAE and KSA.

• Optimizing the company’s capital structure to maximize shareholders value.

• Additions to the management team and hiring and induction of the Group GM.

• Overseeing the growth in new agencies business and development of the warehouses in UAE, KSA & Oman.

• Promoting management by objectives and long-term incentive scheme for alignment of interests.

The Result

• Planet has effectively consolidated its business operations and has now a sustainable revenue stream.

• Planet has grown its retail pharmacies network across three countries, closing non-performing ones and optimizing the number of operating pharmacies.

• Steady growth in revenues with improving net income after the reorganization of the Company. In 3 years only (from 2011 till 2014):