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A Brief History of AL-A'BED

With a capital of 250,000 U.S. Dollars and a staff of 5 people, AL-A'BED has started its business in 1992.  AL-A'BED has paved its way into the Yemeni market beginning with establishing its administration office in Sana’a (The Capital of Yemen).  Utilizing limited facilities at that time, soon, AL-A'BED began contacting pharmaceutical products manufacturing companies in nation wide bases.  As a result of that, AL-A'BED has become the sole agent for Aleppo Pharmaceutical Industries (Alpha) and Amrit Medical Co. – Syria by the end of 1992 and for Pharmamed Ltd. & Pharmamed Parenterals Ltd. (PPL), which has changed its name to Actavis Malta in 2004 and for Mustafa Nevezat (MN) of Turkey in 2005.

AL-A'BED then had to take a decision of opening wholesale stores to achieve an effective distribution of products imported from the principals.  Wholesale stores in the main cities, Sana’a, Taiz, Hodeidah, Ibb, Dhamar, Hadhramout and Aden were opened and fully supplied with personnel, equipments and vehicles. AL-A'BED also appointed subagents in the other provinces, Hajja, Shabwa, Sa’ada, and Amran.

AL-A'BED Today

Along with importing and marketing pharmaceuticals and medical appliances, AL-A'BED stands on behalf of pharmaceutical companies representing and progressing tenders and bids, announced by either private or governmental sectors in Yemen.  Several tenders were awarded to companies represented by AL-A'BEDAL-A'BED therefore, has acquired a good reputation inside and outside Yemen.  AL-A'BED has won the confidence of several pharmaceutical companies. AL-A'BED however, is making its best to obtain groups of medicines and medical appliances which provide clients with a satisfied range of choice according to market needs.  The final objective of all business endeavors of AL-A'BED is to generate added value and to grow by placing goods and services in the market clients' value in a positive way.

Now a day, the growing demand for specialized services by highly qualified professionals force companies to structure themselves in business area endowed with the necessary independence flexibility and response capacity towards their clientele.  AL-A'BED is no exception to this trend and as a consequence, has developed its own coordinated structure: in the one hand, to response to the growing demand for new lines of business and in the other, due to the need to expand and improve traditional services for a continually more demanding clientele.  AL-A'BED, therefore has been reformed and become AL-A'BED group companiesAL-A'BED Medical Supplies Co. LTD. and Al-Furqan Trading Corp. are the two main subsidiaries of the group, which are performing business in the field of pharmaceuticals and medical supplies.  While AL-A'BED has started its activity since 1992 as mentioned here-above, Al-Furqan Trading Corp. has launched its pharmaceutical division early 2004.  In the mean time Al-Furqan corp. is a sole agent for Asia pharmaceutical Industry, Mediterranean Pharmaceutical Industry  (MPI), both of Syria and Actavis of Iceland

Marketing

AL-A'BED has specifically geared its competitiveness in importing high quality products of international standards and making them available to particularly all segments of population.   AL-A'BED follows the policy of keeping products present in wholesale stores and pharmacies of most Yemeni provinces through the whole year.  Price competition, Medical promotion, and Easy way of payment with credit facilities, are the main ways which AL-A'BED use to deal with subagents, pharmacies and other clients.  AL-A'BED good standing in the market is largely the results of clear cooperate goals and commitment to excellence.  The company management team is the moving force behind the company’s continuing success.  With the individual member’s vast professional experience and proven competence, AL-A'BED future hopefully, will be in good hands.

Turn-over @ end of the vesicle year 2007

- For AL-A'BED, In Yemeni Riyal = 1,547,521,205 & in U.S. $ ≈ 7.750,000.

- For AL-FURQAN, In Yemeni Riyal =  556.006,441 & in U.S. $ ≈ 2,800,000.

Bankers

1- Tadhamon Islamic Bank.

Sana’a, Taiz, Hodeidah, Aden, and Ibb, Hadramout and Ibb.

2- Saba Islamic Bank.

Sana’a branch

3- The Yemen Bank for Reconstruction and Development .

    Sana’a branch

4- Yemen Islamic Bank.

    Sana’a branch

Contact address

* AL-A'BED Medical Supplies Co. Ltd.,

Republic of Yemen, Sana’a, P. O. Box 8286

Tel. 00 967 (1) 472875 /6/7

Fax 00 967 (1) 472874 - 472882

E-mail: info@alabedpharma.com

*Al-Furqan Trading Corp.

Tel. 00 967 1 472883 /4/5

Fax. 00 967 1 472882

E-mail: info@alfurqanpharma.com

Website: WWW.alabedpharma.com



Copyright © 2007 AL-A'bed Medical Supplies Company Ltd. All Rights Reserved