Aster Pharmacy enters Saudi market to set up 250+ pharmacies

Aster Pharmacy enters Saudi market to set up 250+ pharmacies

The retail arm of Aster DM Healthcare has entered into a long-term joint venture agreement with Al Hokair Holding Group to setup and operate pharmacies in Saudi Arabia

Ms Alisha Moopen, deputy managing director of Aster DM Healthcare, signing the agreement. — Supplied photo

Published: Mon 17 Oct 2022, 3:09 PM Last updated: Mon 17 Oct 2022, 3:10 PM

Aster DM Healthcare is expanding its footprint in the Kingdom of Saudi Arabia with the Aster Pharmacy division to set up and operate more than 250 pharmacies in the kingdom in next five years.

Aster Pharmacy, the leading pharmacy chain in the UAE, through this partnership aims to set-up and operate 250+ stores over a period of five years and provide ease of access to pharmaceutical and wellness products across the segments of nutrition, baby care, skin care, home healthcare etc. Through this joint venture agreement, the both the partners will work towards bringing Aster Pharmacy’s in-house quality care products to serve the healthcare needs of the local population in Saudi Arabia.

The partnership plans to open and operate in high streets, communities and shopping malls of Saudi Arabia beginning with Riyadh, the capital and the largest city of the kingdom.

In phase two, Aster aim to