Thread by @ArabNewsBiz

#Saudi pharmacy chain @AldawaaCare targets to exceed 1000 stores by 2025 after $500m #IPO
arab.news/gy24n

.@AldawaaCare 's e-commerce platform “doubled in size last year and this is undoubtedly also a focus for growth going forward,” Commercial Director Fahad Al-Farraj told Arab News.

#Listing represents a chance to “strengthen @AldawaaCare's brand presence and future growth potential as well as reinforce our commitment to the highest standards of corporate governance,” Al-Farraj said.

Over the past couple of years, @AldawaaCare has been growing a portfolio of its own brands, such as Ronzac, its #nutraceuticals’ brand, which gives the opportunity to expand outside the existing channels to market within #Saudi Arabia, such as grocery stores, he said.

.@AldawaaCare was among the few organizations allowed to operate during the #lockdown, Al-Farraj said.

.@AldawaaCare has recently completed the automation of its main warehouse facility, he said.