49. Ibnsina Pharma
Sector: Pharmaceuticals
Vice Chairman and Managing Director: Mohsen Mahgoub
Market Value: $54 million
Sales: $708 million
Profits: $4 million
Assets: $387 million
Established in 2001, Ibnsina Pharma distributes pharmaceutical products from over 350 Egyptian and multinational pharmaceutical companies to more than 50,000 customers, including pharmacies, hospitals, retail outlets, and wholesalers, using a fleet of around 830 vehicles and a team of more than 6,000 people. In 2023, it recorded a 52.5% increase in net sales compared to 2022, reaching $708 million, and a 24.8% increase in net profits, reaching $4 million.