Al-Mujtama Leading Medical Company(A Saudi Joint Stock Company) (Saudi Arabia)

The Company operates in the field of operating pharmacies, retailing medicines, pharmaceutical products, cosmetics, toiletries, medical equipment, tools and supplies, and providing pharmaceutical services in the Kingdom of Saudi Arabia. The Company is considered one of the pioneers in the field of comprehensive pharmaceutical and community pharmaceutical services in the Kingdom, The Company is a pioneer in the field of comprehensive community pharmaceutical and medicine service in the Kingdom, as the Company is distinguished by its effective role in serving the community through strategic partnership with the main stakeholders in the field of health care in the Kingdom, the most important of which is the strategic cooperation with the Ministry of Health in coordination and cooperation with one of the Company's semi-governmental clients to disburse prescriptions through (Wasfaty) program issued by primary care centers and government hospitals affiliated with the Ministry of Health and Medical Services in other government sectors in the Kingdom.
The Company has a chain of (157) pharmacies as of the date of this Document, including (125) existing pharmacies and (32) pharmacies under construction and expected to open within the next twelve months. They are spread throughout various regions of the Kingdom of Saudi Arabia, especially in the Western Region. The Company also has an electronic pharmacy through which sales are made online through the Company's website, including providing free delivery service to customers. According to its Commercial Registration, the Company's main activity is (pharmacy activities), which falls under the activity of «wholesale and retail trade and repair of motor vehicles and motorcycles>> according to the Standard Activities Guide issued by the Ministry of Commerce.
The Company s vision is Leadership in serving the community for a healthy conscious society.
The Company's Mission is Providing comprehensive pharmaceutical services to all segments of the society, and protecting the society from counterfeit and overpriced products, and that's according to the company's motto: (Original Product with Lowest Price).
The Company s strategy
The Company seeks continuous growth through the following:
1. Increasing the Company's market share in the pharmacies and basic consumer goods sector in the Kingdom of Saudi Arabia, and developing the customer base by opening new branches in different cities throughout the Kingdom.
2. Developing its operations by entering into partnerships with international suppliers, expanding the product base it provides, and acquiring warehouses with larger spaces for storage purposes in line with growth.
3. Increasing business volume and returns from it to achieve higher profitability rates for shareholders.
4. Developing the «Wasfaty>> program alongside a semi-governmental client of the Company, which operates the «Wasfaty>> program and manages the associated service, which is a service that aims to dispense
prescriptions issued by primary care centers and hospitals affiliated with the Ministry of Health and Medical Services in other Government sectors in the Kingdom according to what was stated in the pharmaceutical
facilities subscription agreement signed with the aforementioned client.
5. Increasing the market share with the Government sector by operating a larger number of outpatient pharmacies for hospitals and primary health care centers affiliated with the Ministry of Health, in line with
the transformational ministerial decision regarding the privatization of health care under the «National Transformation Program 2020G>> which is one of the programs of the «Kingdom's Vision 2030G>>, which
requires entrusting the task of dispensing medicines, managing pharmacies of Government hospitals and primary health care centers, and securing their needs to the private sector.
The Company is a Saudi joint stock company, registered under Commercial Registration No. (4030241534), issued in Jeddah on 1434-04-14H (corresponding to 24/02/2013G). The Company was initially established as a sole proprietorship establishment under the name «Almujtama Alhadithah Pharmacy>> in 2001. Later, a group of individual establishments and companies were acquired during different periods of time and all of them were included under the «Al-Mujtama Al-Raida Medical Company>>.
The Company was listed on the saudi exchange in November 11 , 2023.