Nahdi pharmacies expand to 1,156 in Saudi Arabia: CEO
Nahdi Medical Co. continued expanding its network in 2024, bringing the number of its pharmacies in Saudi Arabia to 1,156 and 25 in the UAE, CEO Yasser Joharji said.
In a company statement commenting on financial results, Joharji said Nahdi's private-label portfolio has flourished, generating exceptional sales of SAR 1.2 billion.
He highlighted the company's focus on digital transformation, noting that the launch of its new website and mobile app has significantly enhanced the digital experience, driving a 40% increase in revenue from online channels.
Nahdi remains committed to investing in cutting-edge technologies, strengthening primary healthcare services, and advancing preventive care and chronic disease management, in line with Saudi Vision 2030, he added. The company aims to improve healthcare quality and build a healthier future.
Joharji said Nahdi has expanded its presence to more than 140 cities, reaching 97% of Saudi Arabia's population, while also strengthening its footprint in the UAE.
The company's loyalty program, 'Nuhdeek,' attracted over 800,000 new members in 2024, contributing more than 70% of total revenue.
Looking ahead, Nahdi will focus on enhancing customer experience in 2025, with a clear vision to expand its operations, strengthen its integrated health platform, and pursue ambitious goals for 2030, he said.
According to Argaam data, Nahdi Medical's net profit fell 8% to SAR 820.7 million in 2024 from SAR 892.6 million in 2023. Fourth-quarter earnings stood at SAR 157.9 million.
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