Performance Review | Direct Investments
Nahdi Medical Company

Nahdi Medical Company was founded in 1986 and is now the MENA region’s largest pharmacy chain. In 2004, SEDCO Holding acquired a 50% stake in the concern and helped drive Nahdi’s expansion. Today 90% of Saudi Arabia’s population has a Nahdi pharmacy reachable in 5 minutes.

Yasser Joharji
Founder and Managing Director

Nahdi has continued to expand its pharmacy network while leveraging its reach to launch awareness campaigns in support of Saudi Vision 2030’s health and wellness goals. Nahdi is relying on a fund-from-within approach where internal cost efficiencies free up cash for expansion.

Nahdi continued its mission of delivering personalized healthcare services to help create healthier communities across the Kingdom. Education and awareness are a key part of this mission. The brand has launched initiatives across the three main areas of better customer service, health awareness and social responsibility.

In 2018, 60 new pharmacies were opened, and 45 closed for relocation, leaving Nahdi with 1,140 operating pharmacies by the year-end. The clinical pharmacies providing direct patient care grew to 12.

The company has also expanded other revenue lines, with high growth in specialty products, private label arrangements and insurance. A new omni-channel e-commerce platform was launched and started offering Click and Collect, and delivery, for greater customer convenience.

In 2018, 60 new pharmacies were opened, and 45 closed for relocation, leaving Nahdi with 1,140 operating pharmacies by the year-end. The clinical pharmacies providing direct patient care grew to 12.

Nahdi’s commitment to Saudization continued throughout 2018, creating jobs for nationals at all levels – including brand managers, accountants, pharmacy assistants, beauty specialists and female production line workers. The company also enhanced its training and development to create senior Saudi leaders. The Nahdi Academy, launched in 2017, continued training pharmacists to build employee capacity and improve service levels for local communities.

Looking to the future

By 2020, Nahdi aims to enhance the lives of 5 million people through health, wellness, education and empowerment programs. It promotes healthier lifestyles through improvements in nutrition and fitness, and wants to substantially improve chronicdisease management by patients. To this end, the Diabetes Corners in the busier Nahdi pharmacies promote effective diabetes management.

The first Nahdi Clinic will be launched in the second quarter of 2019. The company is also expanding to the UAE, where five Nahdi UAE pharmacies are set to open by the end of 2019. A warehouse project is also planned in Saudi Arabia, with construction starting in 2019.

1,140Pharmacies
Sixty new pharmacies open across the country.
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