Ninja says aims to expand into Saudi pharmacy sector

Logo of Ninja

Ninja, a fast-delivery company, is currently seeking to expand into the pharmacy sector as part of its plans to strengthen its presence across new sectors in the Saudi market, Spokesperson Hani Abdulhadi told Al-Eqtisadiah newspaper.

Ninja continues to expand across multiple sectors within the Kingdom following its entry into the grocery and beauty products segments, noting that the company is now focused on boosting its footprint in pharmacies.

He added that the company has begun expanding beyond Saudi Arabia by entering the Qatar, Bahrain, and Kuwait markets, with additional expansion plans under consideration.

Abdulhadi noted that intense competition in the delivery sector is prompting the company to enhance its operational capabilities and improve efficiency, highlighting that Ninja is investing heavily in its infrastructure to support expansion across its operating segments and strengthen its competitive position.

According to Argaam data, Bloomberg reported in September that Ninja was working on appointing banks to advise on a potential initial public offering, which could take place early this year, citing sources.

Established in 2022, Ninja provides a digital shopping platform covering a range of sectors, including groceries, household goods, personal care products, digital pharmacy, and restaurants.