Why have you classified it as a family business?
My family business is classified like that because it is a business founded by my great grandfather, with all shares of being owned by family members
History: why was it was brought into existence?
It was brought into existence because my great grandfather realised there was a lack of healthcare products in Saudi Arabia so started importing medicine from syria and europe.
What advantages and disadvantages does it present today to the family and the business?
The advantages of the business is that healthcare is a need rather than a luxury so there will always be consumers for the products we sell, recent acquisition of online healthcare company called Mumzworld. disadvantages could be due to logistical issues such as supplies not being delivered on time or production of a medicine or product being delayed or discontinued.
Very intereting points! We can maybe discuss further the Saudi Arabian market which is completely new for me.
Thank you