Musaed Ibrahim Al-Hajery, CEO of Mohamed Naser Al-Hajery & Sons Ltd, Unveils Expansion Strategies
Established in 1946, Kuwait-headquartered Mohamed Naser Al-Hajery & Sons Ltd (MNH) began when founder Mohamed Naser Al-Hajery set up one of Kuwait’s first pharmacies, the Kuwaiti Drugstore. Though MNH has evolved over its 75-plus years of expansion, Musaed Ibrahim Al-Hajery, CEO of MNH, says that the company has always stuck to its core values and put people’s health first.
Delving into MNH’s journey, Al-Hajery noted that values truly stand the test of time. Because MNH was built on the foundation of pharmaceuticals, the company makes sure that as it diversifies into other business segments, it will never compromise on its commitment to human health.
Looking ahead to 2023 and beyond, Al-Hajery notes that while traditional channels such as groceries and hypermarkets will remain prominent, there is a large transition to e-commerce as the country’s youth are extremely tech-savvy. He goes on to note that MNH is already entering e-commerce and is experiencing substantial double-digit growth.
When it comes to the future, Al-Hajery says that there are many opportunities for growth, especially when it comes to geographical expansion. Saudi Arabia is a market MNH is really keying in on because of its immense potential, and he cites common culture as one of the factors driving MNH towards the KSA.
As Saudi Arabia pushes ahead with its Vision 2030 initiatives, Al-Hajery says MNH’s aspirations are limitless. He stresses the importance of dreaming big, never losing belief and having passion, and says that with the right team and steadfast belief, any goal can be accomplished.
Al-Hajery considers MNH’s team the company’s greatest asset and the key to its lasting success. He states that he is extremely proud of the team’s contributions. Investing in the team’s belief, passion, and skills is a fundamental strategy for MNH’s success now and in the future.
