47. Ibnsina Pharma
Sector: Pharmaceuticals
Vice Chairman and Managing Director: Mohsen Mahgoub
Market Value: $61 million
Sales: $720 million
Profits: $6 million
Assets: $416 million
Ibnsina Pharma had a 23% share of the Egyptian pharmaceutical distribution market in December 2022. It distributed pharmaceuticals for more than 350 companies locally and internationally to about 47,000 clients in 2022 through a network of 65 operational sites and a fleet of 803 vehicles. Ibnsina Pharma plans to focus on exports, targeting four African countries: Ghana, Kenya, Rwanda, and Tanzania. It tapped into the hospital business with the acquisition of El Shorouk Hospital in 2022.