Yasser Bin Saleh Binmahfouz

Career Overview

Yaser Bin Saleh Binmahfouz holds a Bachelor's in Business Administration from King Abdulaziz University. He also holds a Certified Board Director certification (GCC BDI), CPA/ABV (AICPA), an MBA from IE Business School, and a BSc in Mathematics from the American University of Beirut.

Binmahfouz has more than 15 years' investment experience, acquired at various international companies including Wellington Management in Boston, Rockefeller in New York, and Crosslink in San Francisco.

Career History

• Chairman of SEDCO Holding (appointed 2024)
• Board member of SEDCO Holding (since 2018)
• Wellington Management (Boston)
• Rockefeller (New York)
• Crosslink (San Francisco)

Binmahfouz is the grandson of Salem Bin Mahfouz, who established a currency exchange business in Jeddah in 1939 that became the foundation for SEDCO Holding and contributed to establishing Saudi Arabia's first bank. SEDCO Holding, which he now chairs, holds a 25% stake in Nahdi Medical Company worth $853.2 million as of May 25, 2026, one of Saudi Arabia's largest pharmacy chains. He came to the chairmanship of SEDCO in 2024, having taken a path deliberately designed to earn the role.

What Yaser Bin Saleh Binmahfouz could bring to Vice Chairman at Nahdi Medical Company: With deep family ties to the company through SEDCO's 25% ownership stake, coupled with 15+ years of institutional investment experience at leading global firms and recent appointment as SEDCO Chairman, Binmahfouz brings strategic ownership perspective, international governance expertise, and alignment incentives between major shareholder and management to a company navigating digital transformation and continued market consolidation in Saudi Arabia's pharmacy retail sector.