BinDawood to develop healthcare platform

The article discusses Danube Company Holding's performance in the pharmacy sector during the first half of 2026, focusing on the second quarter results, which saw an increase in sales and a rise in operating profit, despite revenues being affected by changes to the "Wasfaty" program. The company launched a loyalty program to strengthen customer acquisition and retention, and expanded its pharmacy network to over 209 pharmacies in Saudi Arabia with the opening of 8 new branches. The company affirmed that the pharmacy sector represents a strategic long-term growth platform, with a focus on improving efficiency, developing programs, and diversifying business operations, despite margin pressures resulting from changes in sales mix and rising external costs. The second-quarter results also showed double-digit growth in sales and profitability, along with plans for international expansion into Qatar, increased share of non-controlling interests, and confirmation of the group's ability to achieve sustainable growth.

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