Saudi Arabia - 29 January 2017

Nahdi, a leading Saudi retail pharmacy chain, and Tawuniya Cooperative Insurance Company, renewed their strategic partnership to offer additional health insurance services to clients and beneficiaries.

The renewal agreement, signed in Riyadh, is part of Nahdi Medical Company’s strategy to enhance healthcare services in line with Saudi Arabia’s 2030 Vision, which focuses on providing the public with improved healthcare services to treat chronic diseases and serious conditions.

The partnership aims to serve Tawuniya clients, holders of the golden, 1, 1+, 2, 2+, and 3 cards, enabling them to obtain prescription drugs, including refills or renewals for chronic diseases (dawaa'i service).

Commenting on the agreement, Nahdi CEO, engineer Yasser Joharji, said: “We have strong business relations with Tawuniya based on a smart partnership that we established in 2011. The renewal agreement aims to enhance joint cooperation and develop extraordinary business relations between the two companies. Seeking first and foremost to better serve beneficiaries, we have amended articles and terms of the existing agreement in order to protect and define the two firms’ commitments and rights.”

For his part, Tawuniya Deputy CEO, Omar Abdulrahman Al Mahmud, said he was proud of the partnership with Nahdi. “We at Tawuniya are happy to renew and develop our business relations and strategic cooperation with Nahdi. Thanks to our joint efforts and successful business relations, we provided clients with optimal healthcare services over the past five years. We are confident that the services we offer will always satisfy our clients and meet their healthcare needs, hoping to introduce additional healthcare services through this partnership.”

The agreement enables medical insurance clients to obtain prescription medication at Nahdi outlets using a direct payment system, which creates facilitated and time-saving medicine dispensation procedures, according to Al Mahmud. Clients receiving medical treatment at hospitals or medical centres can make use of the service if a specific medication was unavailable at their dispensaries or in case these healthcare institutions did not have pharmacies. In order to benefit from the service, clients are required to show their prescriptions, insurance cards, and identification documents to pharmacies.

Nahdi and Tawuniya agreed to expand their beneficiary networks to include holders of the golden, 1, 1+, 2, 2+, and 3 cards. The two sides also agreed to establish or develop projects that would serve their interests and facilitate services, including marketing campaigns and integration of information systems.

-Ends-

About Nahdi Medical
Nahdi is a Saudi retail pharmacy chain that was founded by Sheikh Abdullah Amer Al Nahdi in 1986 as a sole proprietorship. In 2004, the company witnessed an important transitional phase whereby it became a limited liability company and from then on it was recognized as a vital part of the healthcare sector in the Kingdom. The journey of expansion continued with a clear vision, and has now placed Nahdi as the largest pharmacy retail chain in the Middle East and North Africa, where it represents many of the world’s major medical companies.

Today, Nahdi manages and operates a nation-wide network of pharmacies making it one of the most prevalent and fastest growing companies in the region, which offers the finest product /range, including cosmetics, baby care and medical equipment. In addition to the high-quality healthcare products and services it offers, Nahdi is keen to provide community service and health awareness and preventative campaigns. Nahdi follows the concept of acting as a “community pharmacy,” where it does not solely serve the community, but also educates it.

For more information, please contact:
Hussein Nasrallah
Senior Media Relations Manager 
Memac Ogilvy PR
Mob: +966 5 60 40 6161
E-mail: hussein.nasrallah@ogilvy.com

© Press Release 2017