Saudi Pharmaceutical Industries and Medical Appliances Corp (2070)

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News

16 September 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 …

Companies Investments

6 August 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

12 May 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

8 April 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

19 January 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

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

31 March 2024 03:13 PM SPIMACO’s net loss plunges 98% YoY in 2023

Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) posted a 98% year-on-year (YoY) drop in net loss to SAR 3 million in 2023 from SAR 171 million. Revenues jumped 16% YoY to SAR 1.65 billion last year …

Financial Results

21 February 2024 11:53 AM SPIMACO confirms Jerome Cabannes as CEO

Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) has appointed Jerome Cabannes as CEO starting 20 February. Cabannes has been serving as Acting CEO since October 2023, previously holding the position …

Management Decisions

23 January 2024 06:04 PM SPIMACO teams up with Recbio for recombinant HPV-9 vaccine

Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) inked a term sheet with Jiangsu Recbio Technology Company Limited for the licensing, supply, and technology transfer of Recombinant Human …

Global Economy

6 December 2023 04:40 PM SPIMACO mulls 68% equity acquisition in Swiss Osmopharm, to exit SPIMACO Misr

Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) signed sale and purchase agreements (SPAs) to acquire a 68% stake in Swiss-based Osmopharm and exit its 76.40% equity in Egypt-based SPIMACO Misr for …

Mergers and Acquisitions

7 November 2023 02:38 PM SPIMACO announces 9M-23 financial results, accumulated losses

Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) turned profitable at SAR 40.40 million in the first nine months (9M) of 2023, against net losses of SAR 67 million in 9M-22. Revenues amounted to SAR …

Financial Results

9 August 2023 03:57 PM SPIMACO turns into profitability in H1-23; accumulated losses exceed SAR 102m

Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) shifted to net profits after Zakat and tax amounting to SAR 78.80 million in the first half (H1) of 2023. The generated profits were against net losses …

Financial Results

16 May 2023 11:23 AM SPIMACO’s net profits leap 85% in Q1-23 results

Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) registered SAR 56.80 million in net profit after Zakat and tax during the first quarter (Q1) of 2023. The recorded net profits were higher by 85.02% …

Financial Results

23 March 2023 04:01 PM SPIMACO shifts to over SAR 171m losses in 2022

Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) turned to net losses after Zakat and tax worth SAR 171.20 million in 2022, versus net profits of SAR 18.10 million in 2021. The company generated …

Financial Results

1 January 2023 11:56 AM SPIMACO obtains SAR 900m loans from SABB, Al Rajhi Bank

Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) secured two loans worth SAR 900 million with Saudi British Bank (SABB) and Al Rajhi Bank on 28 December 2022. The two facilities are guaranteed by …

Companies Investments

6 November 2022 03:31 PM SPIMACO turns to SAR 67m losses in 9M-22 interim results

Riyadh – Mubasher: The Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) shifted to net losses after Zakat and tax worth SAR 67 million in the first nine months (9M) of 2022. The Tadawul-listed firm’s negative results in …

Financial Results

21 September 2022 03:35 PM SPIMACO pens SAR 135m deal with MSD

Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) has inked a SAR 135 million contract with Merck Sharp and Dohme (MSD). The contract covers the signature and renewal licence, supply, and co-marketing …

Companies Investments

30 August 2022 00:34 AM SPIMACO obtains SAR 1.26bn loans from three banks

Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) has secured Sharia-aligned funding at a combined value of SAR 1.26 billion from Bank Albilad, Banque Saudi Fransi, and Gulf International Bank (GIB). …

Banking and Finance

21 August 2022 09:55 AM SPIMACO swings to SAR 21m losses in H1-22

Riyadh – Mubasher: The Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) has moved to net losses of SAR 21.10 million during the first half (H1) of 2022, against net earnings of SAR 53.63 million in H1-21. Loss per share …

Financial Results

9 June 2022 02:42 PM SPIMACO to pay 6% dividend for 2021

Riyadh – Mubasher: The shareholders of Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) have agreed to distribute a cash dividend of SAR 0.60 per share for 2021. The Saudi listed firm will disburse a total of SAR 72 …

Cash Dividends

18 May 2022 05:53 PM SPIMACO’s profits exceed SAR 30.5m in Q1-21 interim results

Riyadh – Mubasher: The net profits after Zakat and tax of Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) surged by 25.34% to SAR 30.66 million during the first quarter (Q1) of 2022 from SAR 24.46 million in Q1-21. The …

Financial Results

5 April 2022 04:59 PM SPIMACO names new Chairman, Vice Chairman

Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) has appointed Mohammad Talal Al Nahhas as the new Chairman of the board for the coming three years. Moreover, the Saudi listed firm named Ammar …

Board of Directors

27 March 2022 04:23 PM SPIMACO’s profits plummet 83.5% in 2021; dividends proposed

Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) has posted an annual plunge of 83.47% in net profits after Zakat and tax at SAR 18.10 million in 2021, compared to SAR 109.54 million. Revenues stood …

Cash Dividends

17 January 2022 10:52 AM SPIMACO inks SAR 240m agreements with Switzerland-based Vifor Pharma

Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) has inked an eight-year agreement with the Swiss Company, Vifor Pharma, to localise the manufacturing for Ferinject injection. Meanwhile, an agreement …

Companies Investments

18 November 2021 10:14 AM SPIMACO announces subsidiary's liquidation

Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) has announced the liquidation of ANORA Trading Company, one of the subsidiaries, based on the shareholders' resolution. A liquidator was appointed …

Companies Investments