Ibnsina Pharma (ISPH)

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News

23 October 2022 11:29 AM Ibnsina Pharma pens import, distribution deal with OMRON Healthcare

Cairo – Mubasher: Ibnsina Pharma, Egypt’s fastest-growing and second-largest pharmaceutical distributor, has signed an import and distribution agreement with OMRON Healthcare in Egypt. EGX-listed Ibnsina Pharma will be the primary distributor for …

International Agreements

12 April 2022 11:56 AM Ibnsina Pharma's OGM approves EGP 0.10/shr dividends

Cairo – Mubasher: The ordinary general meeting (OGM) of Ibnsina Pharma has approved a cash dividend distribution of EGP 0.10 per share for 2021. The cash dividend payout aggregates at a total value of EGP 112 million, according to a bourse filing …

General Assembly

28 November 2021 11:37 AM Ibnsina Pharma's EGM approves capital raise through bonus shares

Cairo – Mubasher: The extraordinary general meeting (EGM) of Ibnsina Pharma has approved an increase in the company's issued capital to EGP 280 million from EGP 240 million through the issuance of bonus shares. The company's issued capital is …

General Assembly

14 November 2021 05:01 PM Ibnsina Pharma's profit up 21% in nine months

Cairo – Mubasher: Ibnsina Pharma achieved consolidated net profits of EGP 241.94 million in the first nine months of 2021, up by 20.6% year-on-year (YoY) from EGP 200.61 million, including minority shareholders' rights.  The net sales increased to …

Financial Results

7 November 2021 11:26 AM Ibnsina Pharma sets up new firm to invest EGP 440m in third-party logistics services

Cairo – Mubasher: Ibnsina Pharma announced that its investment arm AIM has established Ramp Logistics, a pure logistics service provider that will offer warehousing, transportation, and other third-party logistics services. The third-party …

Companies Investments

15 August 2021 02:40 PM Ibnsina Pharma's profit up 18% in H1-21

Cairo – Mubasher: Ibnsina Pharma recorded net profits of EGP 104.75 million in the first half (H1) of 2021, an increase of 17.7% year-on-year (YoY) from EGP 88.9 million. The company's sales grew to EGP 10.12 billion in the January-June period …

Financial Results

31 May 2021 00:14 PM Ibnsina Pharma's profit inches up in Q1-21

Cairo – Mubasher: Ibnsina Pharma reported net profits of EGP 50.37 million in the first quarter (Q1) of 2021, slightly up from EGP 50.27 million in the prior-year period. The sales increased to EGP 4.75 billion in the January-March period, …

Financial Results

27 May 2021 03:19 PM Ibnsina Pharma gets FRA's approval for capital raise

Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved the publication of the disclosure form submitted by Ibnsina Pharma to increase its capital. The company will increase its issued capital to EGP 280 million from EGP 240 …

Corporate Actions

20 May 2021 04:18 PM Ibnsina Pharma eyes EGP 141m investments in 2021

Cairo – Mubasher: Ibnsina Pharma plans to inject about EGP 141 million in investments as part of its expansion plan in 2021. These investments include EGP 59 million for new branches and the administrative headquarters as well as EGP 36 million …

Companies Investments

13 May 2021 11:10 AM MSCI deletes Ibnsina Pharma from Small Cap Index, adds two companies

Cairo - Mubasher: The MSCI Global Small Cap Index has added Elsewedy Electric Co and Misr Fertilizers Production Co (Mopco) to its list while deleting Ibnsina Pharma, according to the MSCI semi-annual index review. The changes in the MSCI Global …

Companies Investments

4 April 2021 00:23 PM Ibnsina Pharma names Chairman, CEO

Cairo – Mubasher: The board of directors of Ibnsina Pharma approved the appointment of Abdel Aziz Ali Abdel Aziz as a Non-Executive Chairman and Mohamed Mohsen Mohamed Mahgoub as Vice Chairman and CEO. In addition, the board also named Mahmoud …

Corporate Actions

1 March 2021 01:39 PM Ibnsina Pharma completes procedures for setting up new fintech firm

Cairo – Mubasher:  Ibnsina Pharma announced the completion of procedures for the establishment of a new investment firm with an authorised capital of EGP 750 million. The issued capital of the new company, in which Ibnsina Pharma will hold 99%, is …

Companies Investments

1 March 2021 00:56 PM Ibnsina Pharma's profit slides 32% in 2020; bonus issue proposed

Cairo – Mubasher: Ibnsina Pharma registered consolidated net profits of EGP 224.66 million in 2020, down by 32% year-on-year (YoY) from EGP 328.77 million a year earlier, including minority shareholders’ rights. On the other hand, sales grew to …

Financial Results

21 February 2021 00:01 PM Ibnsina Pharma inks deal to import, distribute Bayer's products

Cairo – Mubasher: Ibnsina Pharma signed an agreement with Bayer to import and distribute the latter’s consumer health and pharmaceuticals products in Egypt. “This strategic partnership will allow Ibnsina Pharma to not only further strengthen its …

Companies Investments

25 January 2021 02:04 PM Ibnsina Pharma eyes new contracts with foreign firms in 2021

Cairo – Mubasher: Ibnsina Pharma is expecting higher revenues in 2021 as the Egyptian government has no plan to impose a lockdown similar to the one in 2020.  During an online meeting with MubasherTrade, Ibnsina Pharma said that pharmaceutical …

Companies Investments

14 December 2020 11:56 AM Pharmacists end Ibnsina Pharma boycott as 3elagi deal canceled

Cairo – Mubasher: Ibnsina Pharma has reached an agreement with the Pharmacists Syndicate to cancel its investment in 3elagi Tech, an application that connects consumers with pharmacies, labs, and healthcare providers and enables them to order …

Corporate Actions

15 November 2020 04:58 PM Ibnsina Pharma’s profit slumps 18% in 9M

Cairo – Mubasher: Ibnsina Pharma recorded an 18.3% year-on-year (YoY) decrease in its net profits, logging EGP 200.6 million in the first nine months of 2020, compared to EGP 245.6 million. The company’s sales grew to EGP 14.08 billion in the …

Financial Results

9 November 2020 01:14 PM Ibnsina Pharma acquires 75% of 3elagi Tech

Cairo – Mubasher: Ibnsina Pharma signed an agreement to acquire 75% of 3elagi Tech, an application that connects consumers with pharmacies, labs, and healthcare providers, allowing them to order medicine online. This move is another step forward …

Mergers and Acquisitions

27 September 2020 11:56 AM NBE approves EGP 250m new credit facilities to Ibnsina Pharma

Cairo – Mubasher: The National Bank of Egypt (CBE) approved a EGP 250 million increase in the short-term credit facilities provided to Ibnsina Pharma. The increased facilities will finance the company’s working capital when needed, according to a …

Banking and Finance

13 August 2020 05:25 PM Ibnsina Pharma’s H1 profit declines 14% despite higher sales

Cairo – Mubasher: Ibnsina Pharma logged EGP 88.9 million in net profits during the first half (H1) of 2020, a 14% year-on-year (YoY) decrease from EGP 103.19 million. On the other hand, the company’s sales increased to EGP 9.1 billion in the …

Financial Results

19 July 2020 01:06 PM Ibnsina Pharma to set up healthcare investment firm

Cairo – Mubasher: The board of directors of Ibnsina Pharma agreed to establish a healthcare investment company. The pharmaceutical company is currently considering several investment opportunities in fields previously approved by the board, …

Corporate Actions

9 June 2020 11:32 AM Ibnsina Pharma’s profit up 20% in Q1-20

Cairo – Mubasher: Ibnsina Pharma reported a 19.76% year-on-year (YoY) increase in its net profits to EGP 50.27 million in the first quarter of 2020, compared to EGP 41.97 million. The company’s sales rose to EGP 4.55 billion in the first three …

Financial Results

13 May 2020 01:34 PM MSCI Egypt Index deletes 2 stocks, adds 2 others

By: Heba El-Kordy Cairo – Mubasher: The leading provider of research-based indexes and analytics MSCI Inc. announced the deletion of two Egyptian stocks and the addition of two other to the MSCI ACWI Small Cap Index. Ezz Steel and Pioneers Holding …

Stock Evaluations

10 May 2020 01:27 PM Ibnsina Pharma injects EGP 250-300m new investments annually

Cairo – Mubasher: Ibnsina Pharma announced that its average investments range between EGP 250-300 million per year, except for the exceptional investments in 2018 and 2019. The company plans to inaugurate from three to four new branches every …

Companies Investments

21 April 2020 00:18 PM Ibnsina Pharma’s shareholders approve capital raise via bonus issue

Cairo – Mubasher: The extraordinary general meeting (EGM) of Ibnsina Pharma approved a proposal to increase the issued capital through a bonus issue, according to a bourse statement on Tuesday. Earlier in April, the company’s ordinary general …

Corporate Actions