Al-Nahdi Medical Company in Saudi Arabia is studying the idea of ​​the initial public offering, as it started early talks with potential consultants.

According to Reuters, two sources familiar with the matter said that the company is in the early stages of talks with advisers on a public offering of its shares, which may happen in the next year.

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The two sources requested that their names not be mentioned because the matter is not yet public.

Al-Nahdi Company is the largest pharmacy chain in the Kingdom, founded by Abdullah Amer Al-Nahdi in 1986, a network of pharmacies, numbering more than 1100 and is owned by half of SEDCO Capital Jeddah-based Islamic Investment.