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15 January 02:10 AM

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4 January 04:57 PM SPIMACO launches fully-owned biopharmaceutical subsidiary
Riyadh - Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) has established a fully-owned unit focused on the development and manufacturing of biopharmaceutical products. Known as SPIMACO Bio, the new entity is …
Companies Investments
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4 November 2025 10:12 AM SPIMACO posts SAR 1.3bn revenues in 9M-25; profits leap 220%
Riyadh - Mubasher: The net profits of Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) reached SAR 154.70 million in the first nine months (9M) of 2025. The registered net profits jumped by 220.28% from SAR 48.30 …
Financial Results
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29 October 2025 07:42 AM Jamjoom Pharma, PIF-backed Lifera launch JV to strengthen Saudi biopharma manufacturing ecosystem
Riyadh - Mubasher: Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) signed a non-binding term sheet with Pharmaceutical Investment Company (Lifera), a Public Investment Fund (PIF) entity, on 27 October. The term sheet aims to form a joint …
Companies Investments
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23 October 2025 01:09 PM Jamjoom Pharma’s net profits near SAR 396m in 9M-25
Riyadh – Mubasher: The net profits after tax of Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) reached SAR 395.73 million in the first nine months (9M) of 2025, an annual rise of 29.78% from SAR 304.92 million. The group recorded 12.96% …
Financial Results
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5 October 2025 08:18 AM Jamjoom Pharma launches new brand identity to accelerate regional growth
Riyadh – Mubasher: Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) rolled out its new corporate brand identity, marking the next phase of its strategic evolution towards being a leading global player in the pharmaceutical industry. The …
Companies Investments
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16 September 2025 09:12 AM SPIMACO inks SAR 200m credit facility agreement with SNB
Riyadh - Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) obtained a Sharia-compliant facility worth SAR 200 million from the Saudi National Bank (SNB). The funding, secured on 15 September 2025, will be …
Banking and Finance
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16 September 2025 08:46 AM Jamjoom Pharma partners with Bio-Thera to secure Cosentyx biosimilar in MENA
Riyadh – Mubasher: Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) has signed a strategic commercialization agreement with Bio-Thera Solutions Limited, a global biopharmaceutical firm specializing in innovative therapies and biosimilars. …
Global Economy
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6 August 2025 05:34 PM SPIMACO reports 93% surge in H1-25 profits; accumulated losses unveiled
Riyadh - Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) achieved net profits of SAR 111.10 million in the first half (H1) of 2025, marking a 92.88% year-on-year (YoY) leap from SAR 57.60 million. Revenues …
Financial Results
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1 July 2025 05:15 PM Jamjoom Pharma appoints new Chairman, Vice Chairman
Riyadh – Mubasher: Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) has named Mahmoud Yousuf Jamjoom as the board’s Chairman for the next three years. The board also announced Ahmed Yousuf Jamjoom as the Vice Chairman, according to a …
Board of Directors
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12 May 2025 06:42 PM SPIMACO’s net profits leap 90% in Q1-25
Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) logged net profits worth SAR 75.10 million in the first quarter (Q1) of 2025. The generated earnings were higher by 90.12% year-on-year (YoY) than SAR …
Financial Results
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30 April 2025 09:16 AM Jamjoom Pharma logs SAR 157m net profits in Q1-25
Riyadh – Mubasher: Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) achieved net profits amounting to SAR 157.03 million in the first quarter (Q1) of 2025, an annual growth of 52.50% from SAR 102.97 million. Revenues soared by 18.69% to …
Financial Results
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13 April 2025 09:30 AM Avalon Pharma unveils SAR 25m cash dividends for H2-24
Riyadh – Mubasher: The board members of Middle East Pharmaceutical Industries Company (Avalon Pharma) approved dividends worth SAR 25 million for the second half (H2) of 2024, according to a bourse filing. The Saudi group will disburse SAR 1.25 …
Cash Dividends
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8 April 2025 09:50 AM SPIMACO appoints Chairman, Vice Chairman
Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) unveiled key appointments for a new board term that will end on 2 April 2029. SPIMACO named Khalid Abdulrahman Alqwaiz as the board’s Chairman for the …
Management Decisions
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25 February 2025 08:42 PM Jamjoom Pharma registers 22% higher profits backed by expansion in Egypt
Riyadh – Mubasher: Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) posted 21.93% higher net profits at SAR 356.52 million in 2024, compared to SAR 292.40 million in 2023. Revenues jumped by 19.77% year-on-year (YoY) to SAR 1.31 billion as …
Cash Dividends
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19 January 2025 04:05 PM SPIMACO rolls out SAR 164m deal
Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) inked a SAR 164.05 million agreement on 16 January 2025. SPIMACO penned the deal with Ibrahim Al Hudhaifi International Company to sell and distribute …
Companies Investments
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15 January 2025 03:28 PM Jamjoom Pharma partakes in 43rd J.P. Morgan Healthcare Conference 2025
Riyadh – Mubasher: Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) is participating in the 43rd Annual J.P. Morgan Healthcare Conference that is taking place in the US, according to a press release. The conference is being held on 13-16 …
Companies Investments
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5 January 2025 10:09 PM TASI expected to trade between 11,300 to 13,300pts in 2025 – Report
Riyadh – Mubasher: SNB Capital, a regional financial institution, recently projected in a report that the benchmark All Share Index (TASI) of the Saudi Exchange (Tadawul) would trade between 11,300 to 13,300 points (pts) in 2025, reflecting a …
Trading Activities
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11 November 2024 04:37 PM SPIMACO’s profits leap 279% in 9M-24
Riyadh – Mubasher: The net profits of Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) enlarged by 278.77%  yearly to SAR 67.80 million in the first nine months (9M) of 2024 from SAR 17.90 million. The Saudi group …
Financial Results
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27 October 2024 00:40 PM Jamjoom Pharma posts SAR 305m net profits in 9M-24
Riyadh – Mubasher: Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) achieved net profits valued at SAR 304.92 million in the first nine months (9M) of 2024, marking a 22.90% year-on-year (YoY) leap from SAR 247.92 million. The revenues hit …
Financial Results
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7 August 2024 02:47 PM Jamjoom Pharma’s profits rise 23% in H1-24; dividends unveiled
Riyadh – Mubasher: Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) logged net profits amounting to SAR 209.92 million in the first half (H1) of 2024, marking an annual plunge of 22.99% from SAR 170.67 million. The revenues hit SAR 731.20 …
Cash Dividends
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31 July 2024 11:58 AM Avalon Pharma’s board approves dividends for H1-24
Riyadh – Mubasher: Middle East Pharmaceutical Industries Company (Avalon Pharma) is set to disburse cash dividends worth SAR 15 million, equivalent to 7.50% of the capital, for the first half (H1) of 2024. Avalon Pharma will pay out a dividend of …
Cash Dividends
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9 July 2024 11:49 AM Avalon Pharma obtains SAR 70m from Emirates NBD
Riyadh – Mubasher: Middle East Pharmaceutical Industries Company (Avalon Pharma) secured a Sharia facility amounting to SAR 70 million from Emirates NBD on 8 July 2024. The Saudi company obtained the loan for one year to finance its operations, …
Banking and Finance
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8 July 2024 09:15 AM Jamjoom Pharma secures facility deal for unit in Algeria
Riyadh – Mubasher: The board of Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) agreed to provide a corporate guarantee to support the issuance of a credit facility for its joint venture (JV) in Algeria, Jamjoom Algeria Lil Dawa SPA. A …
Companies Investments
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5 June 2024 11:33 AM Jamjoom Pharma’s shareholders approve annual dividends for 2023
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) approved cash dividends amounting to SAR 105 million for the second half (H2) of 2023. The total dividends distributed and …
Cash Dividends
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9 May 2024 00:08 PM Jamjoom Pharma registers SAR 103m net profits in Q1-24
Riyadh – Mubasher: Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) achieved 22% year-on-year (YoY) higher net profits at SAR 102.96 million in the first quarter (Q1) of 2024, versus SAR 84.40 million. Revenues amounted to SAR 385.46 …
Financial Results