#2128

Abdullah Amer Al Nahdi

Saudi Arabia 65 years old Self-Made

Overview

Source of Wealth
Pharmacies
Industry
Healthcare
Residence
Jeddah

Assets

  • Nahdi Medical Company
    44,604,540 shares @ -
    -
    4164-SA

Biography

Abdullah Amer Al Nahdi founded and is vice chairman of Nahdi Medical, Saudi Arabia's largest chain of pharmacies.

Nahdi Medical, which had $2.3 billion in 2023 revenue, went public on the Saudi stock exchange in 2022.

Al Nahdi started the company by purchasing two pharmacies in Jeddah in 1986, a year after he graduated from university.

The company has more than 1,100 pharmacies, mostly in Saudi Arabia and some in the UAE.

Nahdi Medical has expanded into offering primary healthcare services through a number of health clinics.

About

Saudi Arabia's Bin Mahfouz family purchased half of Nahdi Medical in 2003 through its SEDCO Holding entity; today Saleh Salem Bin Mahfouz chairs Nahdi Medical.