Nahdi Medical Company is a Saudi joint-stock company listed on the Saudi Exchange (Tadawul). It operates in the retail sector specializing in pharmacies, medical devices, and equipment. Established in 1986, its headquarters are located in Jeddah City. The company manages a network of pharmacies across more than 125 cities and villages in the Kingdom of Saudi Arabia.
It was listed on Saudi Exchange (Tadawul) on March 22, 2022, and its shares are traded on the main market under the consumer goods retail and distribution sector with the ticker symbol (Nahdi) and code (4164). Its ISIN is (SA15HG521213). The company's capital is SAR1.3 billion.
Establishment of the Nahdi Medical Company
The establishment of Nahdi Medical Company dates back to 1986 when it started as a sole proprietorship. In 2003, it transformed into a limited liability company with a capital of SAR50 million. In 2004, the company’s name was changed to Nahdi Medical Company. In 2021, it transformed into a closed joint-stock company, increasing its capital to SAR1.3 billion.
Activities of Nahdi Medical Company
Pharmacy services and the wholesale sale of medical devices and equipment are among the main activities of Nahdi Medical Company. The company operates within Saudi Arabia and has only one pharmacy in Dubai, United Arab Emirates. Nahdi Medical Company owns a chain of retail pharmacies and provides services to 97 percent of the population across Saudi Arabia. The company manages more than twelve private brands and sells over five hundred products.
Additionally, Nahdi Medical Company operates Nahdi Care Clinics, which include a team of specialists ranging from dentists to skin care experts, pediatricians, and cardiologists.
Implementation of Social Responsibility Initiatives
The Pilgrim Experience Program – one of the Saudi Vision 2030 realization programs – signed an agreement with Nahdi Medical Company on January 10, 2024. The agreement aims to activate and enable several joint initiatives in social responsibility and medical services as part of the partnership between the program and leading companies in the medical and logistical services sector for Hajj and Umrah. The agreement includes providing medical care services through Nahdi Care Clinics, along with specialized remote medical consultation services available to pilgrims upon their arrival in Saudi Arabia. These services are supported by Nahdi's pharmacy network, which spans all regions of Saudi Arabia, particularly in Makkah Al-Mukarramah and Al-Madinah Al-Munawwarah.
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