BillionaireNet
Nahdi
A
Rank #1937
SAUDI ARABIADiversifiedPharmacies

Abdullah Amer Al Nahdi

Net Worth
$2.01B
-0.17% (24h)
Abdullah Amer Al Nahdi, a prominent figure in Saudi Arabia's healthcare sector, is the founder and vice chairman of Nahdi Medical Company, the largest pharmacy chain in the Kingdom. With a net worth of $2.05 billion, Al Nahdi's wealth stems primarily from his ownership of the pharmacies. His career began in 1986 with the acquisition of two pharmacies in Jeddah, which he transformed into a leading retail pharmacy network with over 1,100 outlets across Saudi Arabia and the UAE. Al Nahdi's achievements extend beyond business, as he is involved in philanthropic initiatives and is a member of the King Salman Center for Disability Research. His forward-thinking approach has been instrumental in the modernization and expansion of healthcare services within Saudi Arabia.

The Full Dossier

Early Life

Abdullah Amer Al Nahdi was born into a business-oriented family, instilling in him a spirit of entrepreneurship from a young age. This foundation led him to identify and capitalize on opportunities within the emerging pharmaceutical retail sector during the 1980s.

Rise to Success

Al Nahdi's entrepreneurial journey began in 1986 when he acquired two pharmacies in Jeddah. Recognizing the growing needs of the Saudi population, he transformed these initial acquisitions into Nahdi Medical Company. Through strategic vision and dedicated effort, Al Nahdi built the largest pharmacy chain in Saudi Arabia, with over 1,100 outlets. Nahdi Medical went public on the Saudi stock exchange in 2022.

Key Business Strategies

Al Nahdi's business strategy has been marked by a blend of traditional values and modern innovation. He focused on providing accessible, high-quality healthcare services. His company invested heavily in digital health solutions, including telemedicine and e-pharmacy services. Al Nahdi also prioritized the empowerment of Saudi women in the healthcare sector, contributing to workforce nationalization and gender inclusivity.

Philanthropy

Abdullah Al Nahdi is also known for his philanthropic work. The Al Nahdi Humanitarian Foundation champions health education, preventive care, and empowerment programs. He supports health and research initiatives, serving on boards such as the King Salman Center for Disability Research.

Career Timeline

2022

IPO of Nahdi Medical Company

Nahdi Medical Company went public on the Saudi Stock Exchange (Tadawul).

2003

Partnership with SEDCO Holding

SEDCO Holding became a key shareholder.

1986

Founded Nahdi Medical Company

Acquired two pharmacies in Jeddah, marking the beginning of what would become the largest pharmacy chain in Saudi Arabia.

1985

Graduated

Graduated from King Abdulaziz University with a degree in Economics and Management.

Philanthropic Impact

HealthcareInformation not available

Al Nahdi Humanitarian Foundation

Champions health education, preventive care, and empowerment programs.

Disability ResearchInformation not available

King Salman Center for Disability Research

Board Member, supports health and research initiatives for those with disabilities.

EducationInformation not available

King Abdulaziz University Endowments

Supports educational initiatives through endowments.

Wealth Trajectory