Abu Dhabi's Mubadala Investment working with A.T. Kearney on portfolio review

19 January 2018 Consultancy-me.com

The global management consulting firm A.T. Kearney is assisting Abu Dhabi’s state-owned Mubadala Investment Company with a review of its post-merger assets, according to emerging reports.

The Mubadala Investment Company, which with $125 billion in managed assets became the world’s 14th largest wealth fund following its merger with the International Petroleum Investment Co. (IPIC) last year, will undertake a review of its amalgamated portfolio with the assistance of A.T. Kearney, reports have stated, citing unmanned sources familiar with the matter. Fellow management consulting firm Bain & Company had advised on the earlier merger.

Options will include asset sales and possible mergers within the portfolio, yet the sources stress that the review is only at present in its preliminary stage, and that any final decisions on the potential sale or retention of assets are yet to be made. Some of the assets reportedly under the microscope include chemical producers Borealis AG and Nova Chemicals, along with Japanese refining firm Cosmo Oil. 

It’s believed discussions have already been held with advisers on Mubadala’s 17.8% stake in RHB Bank, Malaysia’s fourth-largest lender, with the possible sale among the options on the table. The approximately $920 million holding is considered peripheral to the sovereign fund’s core activities, according to various sources, and it is believed that they’ve long wished to offload their share.

While both parties remain cagey on the portfolio review and A.T. Kearney’s support role, Brian Lott, Head of Communications for Mubadala, has been quoted as saying; “As a global investment company, we are continually looking for ways to improve our businesses.” He goes on to add; “That may mean significant expansion, as we have done in the energy sector already this year, or bringing in new partners, which we have also done”.

Generating revenues upwards of $1 billion, A.T. Kearney is an international leader in management consulting with over 3,600 global professionals advising on, in addition to other areas, strategy, mergers and acquisitions, operations, and organisation and transformation from its offices in more than 40 countries – among them Bahrain, Kuwait, Qatar, Saudi Arabia, Oman, and the UAE.

Saudi pharmacy chain Nahdi transforms with aid of two consultancies

11 April 2019 Consultancy-me.com

Saudi Arabia’s leading pharmacy retail chain Nahdi has undergone a recent transformation with the help of two consulting firms; Resilience& for a business process re-engineering project and Redbox Digital for an omnichannel commerce implementation.

With a vast network of outlets in 140-plus cities and villages across Saudi Arabia, the Jeddah-headquartered Nahdi Medical Company oversees the biggest retail pharmacy chain in the Kingdom – serving millions of customers every year. Stating a goal to remain at the forefront of innovation, Nahdi has recently undergone two transformation projects with the aid of consultancies Resilience& and Redbox Digital.

The former project, which commenced last year, has seen the team from management firm Resilience& partner with Nahdi’s Business Process Re-engineering leadership team to institute a more efficient and agile manner for serving its customers. For the strategic transformation, Resilience& among other activities assessed processes against best-practices and benchmarking tools and applied a performance review mechanism to aid with any future fine-tuning.

Founded in the UK in 2015 and with further branches in Egypt, the UAE, Oman, Kuwait, Morocco and Greece, Resilience& describes itself as a network of consulting firms and independent experts – among them; UAE-based principal partner Ahmed Ragab, who has 15 years of cross-sector consulting experience across the Middle East – including a brief stint as a deputy director with Baker Tilly in Kuwait; and senior manager for digital transformations Tamer Montase, a former manager at Ernst & Young.Saudi pharmacy chain Nahdi transforms with aid of two consultanciesMeanwhile, Nahdi has also seen an UX overhaul with the implementation of a complete omnichannel commerce experience across its retail stores and digital channels delivered by global digital commerce and creative design consultancy Redbox Digital – a leading global elite Magento partner in the Middle East. According to the firm, Nahdi experienced its highest ever site traffic and best basket size and conversion rates in the week following the launch.

Built on Magento Commerce Cloud and Magento Order Management (while integrating Nahdi’s existing back-office Oracle systems), Nahdi’s head of omnichannel and former Accenture management consultant Pawel Dabrowski described the implementation as an amazing achievement given its size and complexity. “There were so many elements to consider from mobile application and single sign-on to loyalty programmes and single customer view,” Dabrowski said.

“Being able to bring all these together required knowledge, skill, understanding of the wider eco-system and more importantly team-work. There were challenges along the way, as with any large-scale implementation, but Redbox’s technical understanding, flexibility and ability to swiftly solve complex issues was behind the project’s huge success. They have a long history in the region and an excellent reputation for delivering high-performing omnichannel solutions.”

Founded in 2004, Redbox has a regional hub in Dubai (established in 2013 and serving clients in the UAE, Saudi Arabia, Kuwait and Qatar) with further operations in the UK, US, Italy Australasia, South Africa and Mauritius – the digital consultancy having since its inception built up an impressive roster of clients including Universal Music, Sephora, AXA, Nespresso, The Body Shop and Abul Latif Jameel, the parent of lean management specialists Four Principles.

Elsewhere in the regional healthcare sector, Four Principles itself recently celebrated a total supply chain and procurement processes lean transformation project for the Sulaiman Al-Habib Medical Group – naming the company its inaugural Kaizen Awards’ winner – while specialist consultancy GE Healthcare Partners has just picked up its own award, being highly commended at the prestigious MCA awards in London for a transformation project in conjunction with the Dubai Health Authority.