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Wajd Life Trading Co., founded on December 28, 2013, has emerged as a key player in Saudi Arabia's healthcare sector. Headquartered in Riyadh, the company began with a mission to support the Kingdom's evolving medical landscape by providing essential healthcare equipment and services. Over the years, it has built a reputation for reliability and innovation, aligning closely with Saudi Arabia's Vision 2030 goals for healthcare modernization and infrastructure development.
The company's public listing on the Saudi Exchange's Nomu Parallel Market marked a significant milestone in its growth. Trading under the symbol 9647, Wajd Life's IPO was oversubscribed by 179.34%, with shares priced at SAR 5.7-demonstrating strong investor confidence. In 2024, the company reported a net profit of SAR 4.7 million, an 11% increase from the previous year, and maintained profitability into the first half of 2025. With 10 million shares outstanding and a book value of SAR 1.54 per share, Wajd Life shows solid financial health and promising growth potential.
Wajd Life offers a comprehensive suite of services that extend beyond equipment supply. Its operations include facility management, maintenance services, and the provision of spare parts-ensuring seamless support for hospitals and clinics. The company's commitment to quality assurance and regulatory compliance has earned it trust among both government and private healthcare institutions, reinforcing its role as a reliable partner in the sector.
As Saudi Arabia continues to invest heavily in healthcare infrastructure, Wajd Life is well-positioned to meet the rising demand for integrated medical solutions. Its public listing not only enhances visibility but also paves the way for future expansion and strategic collaborations. With over a decade of experience and a clear vision for growth, Wajd Life Trading Co. stands poised to shape the future of healthcare delivery in the region.
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