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Tag: Pharmacies

Ethmar International Holding’s unit buys minority stake in Al Ain Pharmacy Group

18 September 202318 September 2023

UAE – Ethmar International Holding has purchased a significant stake in Al Ain Pharmacy Group, a world-class provider of health services and pharmacies in the United Arab Emirates. With nearly…

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Life Healthcare Group expands its retail presence with a new pharmacy outlet in the UAE

9 August 20239 August 2023

UAE – Life Healthcare Group, a homegrown healthcare company, has officially opened a new ultra-modern pharmacy outlet in Dubai, marking its 400th pharmacy in the United Arab Emirates. Life Healthcare…

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Cairo-based digital pharmacy startup Grinta makes third acquisition in Egypt

8 August 20239 August 2023

EGYPT – Grinta, an e-commerce platform digitizing the pharmaceutical supply chain, has made its third acquisition in just over nine months after the Cairo-based startup picked up a US$8 million…

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B-Pharma Holding to buy significant stake of 49 % in EZ International for up to US$16.1 million

31 July 20238 August 2023

EGYPT – B Pharma Holding, the investment vehicle of B Investments, is engaged in serious talks to obtain a significant stake of 49% in EZ International in a deal worth…

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Zimbabwe cracks down on pharmacies over exchange rates violations

13 July 202313 July 2023

ZIMBABWE— The Ministry of Finance and Economic Development, has directed the cancellation of 17 rogue pharmacy after the Financial Intelligence Unit Investigations (FIU) conducted investigations which found the businesses violating…

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Aster Pharmacy and Spinneys launch new wellness co-venture

5 June 20235 June 2023

UAE – Aster Pharmacy and Arabian multinational supermarket chain Spinneys have completed the formation of Zest Pharmacy, a 50-50 joint venture focused on premium wellness. Aster Pharmacy, a part of…

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TSFE, B Investments, and El-Ezaby Pharmacies form a strategic pharma collaboration

8 May 202331 July 2023

EGYPT – The Sovereign Fund of Egypt (TSFE), private equity firm B Investments, and pharmaceutical supply chain El-Ezaby Pharmacies have joined forces to establish a new company, EZ International. This deal…

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Egypt to begin electronic surveillance of antimicrobial resistance

11 April 202312 April 2023

EGYPT – A new electronic system for tracking and monitoring antimicrobial resistance is set to launch in Egypt. This news comes as the Ministry of Health and Population (MoHP) and…

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Saudi retail pharmacy chain Nahdi posts US$236 million net profit in Q4

20 March 202320 March 2023

SAUDI ARABIA – Nahdi Medical Company, Saudi Arabia’s pharmaceutical retailer and healthcare company, reported SAR 888 million (US$236.40 million) in net profit for the fiscal year 2022. Nahdi reported a…

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Saudi healthtech startup Aumet snaps up US$7M in a pre-Series A funding round

20 March 202320 March 2023

SAUDI ARABIA – Saudi Arabia-based healthtech startup Aumet has closed a US$7 million pre-Series A funding round to scale AI-driven healthcare solutions. The round was led by AAIC, a Tokyo-based…

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