Planet Pharmacy Saudi Arabia

Planet Pharmacies, part of the Julphar group, was involved in the retail pharmacy sector across the Middle East, including Saudi Arabia. However, in 2024, Julphar announced the sale of its retail operations in Saudi Arabia, which included Planet Pharmacies' units. The deal highlighted Julphar's strategic efforts to focus on core assets and expand its product portfolio in the MENA region.

Before the sale, the Saudi operations of Planet Pharmacies included 51 pharmacies, contributing to the company's significant presence in the region. The sale transaction was valued at SAR 444.1 million (approximately AED 434.2 million), reflecting the substantial value of these operations. 

Planet Pharmacies' parent company, Julphar, is a leading manufacturer of generic drugs in the Middle East, and its strategic moves are aimed at optimizing its business portfolio. The company continues to explore opportunities for growth and development in the pharmaceutical sector.