Nahdi market share in Saudi Arabia reaches 31%: CEO

Nahdi Medical Co.'s market share in Saudi Arabia reached 31%, CNBC Arabia reported, citing CEO Yasser Joharji.

 

He added that the company forayed into the UAE market successfully and still has more expansions, pointing to the launch of Nahdi Global services.

 

The medical services provider has an integrated program for financial and cash management, which enables it to generate cash surplus, Joharji said.

 

Nahdi does not often need loans to finance its expansions, as the firm has a strategy to finance the expansions with self-sources. This helped the company overcome the challenge of high-interest rates, as it has strong financial solvency.  

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