The Middle East's

Top 100 Listed
Companies 2022

96. Nahdi Medical Co. * 

Country: Saudi Arabia

Sector: Retail

CEO: Yasser Joharji

Market Value: $5.9 billion

Sales: $2.2 billion

Profits: $217 million

Assets: $1.1 billion

Nahdi Medical Co. listed its shares on the Saudi Stock Exchange in March 2022 after raising $1.4 billion in an IPO, which was the largest listing on the Saudi bourse since Saudi Aramco’s $29.4 billion record listing in 2019. Today, Nahdi Medical’s major shareholders are SEDCO and the Al-Nahdi Limited Company, which each owns 35%. The firm has more than 1,150 stores in 144 cities and towns across Saudi Arabia, with growing operations in the U.A.E. Nahdi Medical established a smart distribution center in March 2022, spanning an area of 250,000 sqm.