Nahdi Medical Company
TTADAWUL:416485.40
SAR
-2.20
(-2.51%)
ISIN
SA15HG521213
Return %
Stock
S&P 500
1Y
-27.20
14.20
3Y
-38.38
81.12
5Y
- -
68.34
Capital Structure
SAR
•
in mil. unless spec.Working Capital
SAR
•
in mil. unless spec.Growth Rates
SAR
•
in mil. unless spec.Quarterly Revenue
SAR
•
in mil. unless spec.Quarterly Earnings Per Share
SAR
•
in mil. unless spec.Quarterly Dividends Per Share
SAR
•
in mil. unless spec.Company Description
- CEO
- Yasser Ghulam Abdulaziz Joharji
- Full Time Employees
- 5,169
- Sector
- Distribution services
- Industry
- Medical distributors
- Address
- 7296 King Abdulaziz Road Jeddah MC Saudi Arabia 23715-3985
- IPO Date
- Mar 22, 2022
- Website
- nahdi.sa
- Similar Companies
- Business
- Nahdi Medical Company is a Saudi joint-stock company specializing in pharmaceutical retail and healthcare services. The company operates an extensive network of retail pharmacies, including more than 1,200 outlets across Saudi Arabia and one in Dubai, United Arab Emirates. Nahdi offers a comprehensive range of products and services including pharmaceutical and health products across categories such as health and wellness, mom and baby, beauty, everyday essentials, medical devices, cosmetics, special and health food, and medical equipment. Additionally, Nahdi operates Nahdi Care Clinics providing primary healthcare services such as dental care, dermatology, pediatrics, cardiology, telemedicine services, labs, and home healthcare. The company complements its physical presence with digital capabilities through the Nahdi Online e-commerce platform and the E-Pharmacist service for virtual pharmacist consultations. Founded in 1986 and headquartered in Jeddah, Saudi Arabia, Nahdi Medical Company serves approximately 97 percent of the population within Saudi Arabia, supported by over 10,000 employees. The company's strategic initiatives include a strong digital transformation focus with investments in cloud computing, omnichannel retailing, and data analytics to enhance customer experience and supply chain robustness. In recent years, Nahdi has expanded its healthcare footprint by adding new NahdiCare polyclinics in multiple Saudi cities such as Jeddah, Makkah, Taif, Madina, Yanbu, Najran, and Khamis Mushait, exceeding its 2026 expansion targets ahead of schedule. The company has launched private label and differentiated brands contributing significantly to local content under the Saudi Vision 2030 "Made in Saudi" program. Nahdi also formed a key partnership with Emerge, a Masdar and EDF Group joint venture, to install a rooftop solar power system for its distribution center as part of its sustainability efforts aligned with the Saudi Green Initiative. In 2024, Nahdi Medical Company achieved 8.4% year-on-year revenue growth, reflecting strong market performance despite competitive conditions. The company launched a revamped website and mobile app featuring an AI-enhanced interface to improve digital engagement and integrate its omnichannel services further. Nahdi continues to focus on strategic growth by strengthening its retail presence, advancing its digital health services, and expanding geographically within the Kingdom and the UAE, solidifying its position as a leading national healthcare provider. These developments underscore Nahdi's commitment to innovation, guest-centric care, and sustainable business practices in alignment with Saudi Arabia's Vision 2030 objectives.