Business and Strategy Overview
Growth Journey
Key Milestones in the Success Journey
Business and Strategy Overview
Growth and Development Journey
Key Milestones in the Success Journey
- 1998Avalon Pharma was established in 1998, and in the same year, it launched its first manufacturing facility, “Avalon 1,” under the umbrella of the Middle East Chemical Products Factory, marking the beginning of its operational activities.
- 2000Avalon entered the retail market in the Kingdom of Saudi Arabia in 2000, marking the beginning of its direct presence in the local market.
- 2002“Medico” was established, and distribution operations commenced.
- 2004We began expanding into regional markets by starting the export of our products to the GCC countries.
- 2006Avalon Pharma obtained a license from the Ministry of Health to manufacture pharmaceuticals, enhancing its production capabilities.
- 2010Avalon expanded into international markets, covering Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Oman, Palestine, Sudan, Yemen, and the United Arab Emirates.
- 2015“Avalon 2,” the company’s first research and development facility, was inaugurated alongside the launch of the second manufacturing facility, “Avalon 3,” to expand production capacity and drive innovation.
- 2021“Avalon 4” was launched, a state-of-the-art central warehouse designed to support logistics operations and enhance efficiency in distribution management.
- 2022The production capacity expansion of “Avalon 2” was completed, with actual operations commencing in the second quarter of 2024. During the year, the company underwent a significant strategic transformation, transitioning from a Limited Liability Company (LTD) to a Joint Stock Company (JSC).
- 2023Avalon Pharma announced its plan to offer 30% of its capital for public subscription and to list its shares on the Saudi Stock Exchange (Tadawul).
- 2024Successful completion of the initial public offering, with 6,000,000 shares offered at 82 per share. Launch of 39 new products, an unprecedented achievement reflecting growth and innovation. Implementation of the “ACE” strategy, focusing on Accelerate, Catalyze, and Expand, to ensure sustainable growth and leadership.