Saudi Pharmaceutical Industries and Medical Appliances Corp (SPIMACO) News - Mubasher Info
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Saudi Pharmaceutical Industries and Medical Appliances Corp (2070)

Last update: 01:26 PM market time.
31.72
0.42
1.34%
Open 31.10
Previous Close 31.30
High 32.60
Low 31.10
Stock Statistics
Volume 1,317,150
Turnover 42,351,738.50
All data are 15 minutes late during market session

News

Photo Archive
27 March 2022 05:23 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 …
Financial Results
Photo Archive
17 January 2022 11:52 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
Photo Archive
18 November 2021 11:14 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
Photo Archive
4 November 2021 06:11 PM SPIMACO announces SAR 6m net profits in Q3
Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) registered net profits after Zakat and tax worth SAR 6.39 million during the third quarter (Q3) of 2021, a year-on-year (YoY) plunge of 89.7% from SAR …
Financial Results
Earnings per share amounted to SAR 0.48 in H1-21
12 August 2021 01:27 PM SPIMACO’s profits in H1-21 shrink 21%
Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) posted net profits after Zakat and tax worth SAR 53.63 million in the first half (H1) of 2021, down by 20.8% from SAR 67.73 million in H1-20. Earnings …
Financial Results
SPIMACO will later announce the distribution date
31 May 2021 00:04 PM SPIMACO’s shareholders nod to SAR 120m dividends
Riyadh – Mubasher: The shareholders of the Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) gave the green light for distributing SAR 1 per share as a cash dividend for 2020. The company will pay a total of SAR 120 …
Cash Dividends
The warehouse fire incident was controlled without any deaths.
24 January 2021 10:31 AM SPIMACO says fire breaks out at unit’s warehouse
Riyadh - Mubasher: The Saudi Pharmaceutical Industries and Medical Appliances Corp (SPIMACO) was notified that an incident of fire took place on 16 January 2021 in the warehouse of Arabian Medical Products Manufacturing Company (ENAYAH) that is …
General News
The MOU includes the possibility of extending the supply and distribution rights later.
29 November 2020 10:39 AM SPIMACO, Germany’s CureVac team up to provide coronavirus vaccine in KSA
Riyadh - Mubasher: The Saudi Pharmaceutical Industries and Medical Appliances Corp (SPIMACO) has signed a non-binding memorandum of understanding (MoU) with Germany’s CureVac biopharmaceutical company to provide the COVID-19 vaccine in Saudi …
International Agreements
The unit's capital will be increased to MAD 582.161 million from MAD 470 million.
10 November 2020 11:06 AM SPIMACO’s Morocco affiliate approves capital raise
Riyadh - Mubasher: The Saudi Pharmaceutical Industries and Medical Appliances Corp (SPIMACO) said the extraordinary assembly of its 70.65%-owned subsidiary, SPIMACO Morocco for Pharmaceutical Industries, approved increasing the company’s capital …
Companies Investments
Revenue for the July-September period of 2020 hit SAR 378.98 million.
9 November 2020 10:57 AM SPIMACO reports 145% quarterly profit jump
Riyadh - Mubasher: The Saudi Pharmaceutical Industries and Medical Appliances Corp (SPIMACO) reported a 145% annual rise in third-quarter profits at SAR 62.5 million. Revenue for the July-September period of 2020 amounted to SAR 378.98 million, an …
Financial Results
SPIMACO will manufacture some of the unit's products in its plant in Al Qassim
17 September 2020 10:30 AM SPIMACO announces optional liquidation of under-construction unit
Riyadh - Mubasher: The Saudi Pharmaceutical Industries and Medical Appliances Corp (SPIMACO) said its partners in Al Watan Arabia for Pharmaceutical Products, a fully-owned limited liability subsidiary, approved the optional liquidation of the …
Management Decisions
The asset’s book value is SAR 247 million
16 September 2020 10:30 AM SPIMACO sells part of equity portfolio for SAR 482m
Riyadh - Mubasher: The Saudi Pharmaceutical Industries and Medical Appliances Corp (SPIMACO) on 15 September sold part of an equity portfolio at the fair value (FV) for SAR 482 million. The amount represents 10.1% of SPIMACO's total assets, which …
Mergers and Acquisitions
Revenues for Q2-20 slid by 6.4% yearly
12 August 2020 10:13 AM SPIMACO turns to profitability in Q2
Riyadh - Mubasher: The Saudi Pharmaceutical Industries and Medical Appliances Corp (SPIMACO) turned profitable in the second quarter (Q2) of 2020, gaining SAR 25.89 million in net profits, against net losses of SAR 195.87 million in Q2 of last …
Financial Results
Revenues went up by 7.7% YoY during Q1-20
17 June 2020 02:05 PM SPIMACO achieves SAR 42m profits in Q1-20
Riyadh - Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corp (SPIMACO) recorded SAR 41.83 million in net profits after Zakat and tax over the first quarter (Q1) of 2020, versus net losses of SAR 25.39 million in the same period …
Financial Results
The deal is effective for ten years from the signing date
29 April 2020 03:06 PM Saudi SPIMACO, Amgen sign marketing, technology transfer deal
Riyadh - Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corp (SPIMACO) on Wednesday signed an agreement with Amgen Inc. for the marketing and partial technology transfer for a high-quality biotechnology product. The contract is …
Companies Investments
Loss per share registered SAR 1.38 in nine months
4 November 2019 00:16 PM SPIMACO swings to profits in Q3
Riyadh – Mubasher: Medical Appliances Corp. (SPIMACO) turned profitable during the third quarter of 2019, achieving SAR 30.06 million in profits, against losses of SAR 3.43 in Q3-18. Revenues of the Saudi firm grew by 24.5% to SAR 280.21 million …
Company News
The decision is effective from Thursday
27 October 2019 01:11 PM SPIMACO names new CEO
Riyadh – Mubasher: The board of directors of the Saudi Pharmaceutical Industries and Medical Appliances Corp (SPIMACO) has approved the appointment of Mohammed Bin Sultan Alsultan as the new CEO. The decision is effective from Thursday, 24 …
Board of Directors
The loan repayment period shall be twelve months
27 August 2019 06:07 PM SPIMACO borrows SAR 150m in loan contract
Riyadh – Mubasher: The Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) signed a loan agreement for SAR 150 million with the Saudi Industrial Development Fund (SIDF). The new contract comes in line with SPIMACO’s …
Companies Investments
SPIMACO incurred net losses worth SAR 188.54 million in Q2-19
19 August 2019 03:05 PM SPIMACO turns to loss in Q2-19
Riyadh- Mubasher: The financial statements of the Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) revealed a year-on-year turn to loss during the second quarter of 2019. SPIMACO incurred net losses worth SAR 188.54 …
Financial Results
Total revenues plunged 8.88% to SAR 356.07 million during the January-March period of 2019
12 May 2019 10:24 AM SPIMACO generates SAR 13m profit in 3M
Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) posted a year-on-year profit decline for the first quarter of 2019. Net profits after zakat and tax stood at SAR 13.15 million in Q1-19, compared to …
Financial Results
The board named Mohammed bin Sultan Al Sultan as the new CEO
5 May 2019 05:44 PM SPIMACO’s Al Khalaf resigns; new CEO named
Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO) announced that the company’s board of directors had approved the resignation of its CEO, Fahad bin Ibrahim Al Khalaf, on Saturday. SPIMACO attributed Al …
Board of Directors
The Saudi firm’s profits fell 32.13% in 2018
3 April 2019 07:20 PM SPIMACO's OGM nods to SAR 1/shr dividends for H2-18
Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO) on Wednesday announced that its shareholders had approved distributing cash dividends of SAR 1 per share for the second half of 2018 during an ordinary …
Cash Dividends
Revenues slid 8% to SAR 1.27 billion in 2018
5 March 2019 10:57 AM SPIMACO sees 32% profit decline in 2018
Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corp.(SPIMACO) on Tuesday reported a 32% year-on-year profit drop during the full-year 2018. SPIMACO’s net profits after calculating Zakat and Tax amounted to SAR 100.8 …
Financial Results
The company incurred a loss of SAR 3.35 million during the third quarter of 2018
4 November 2018 00:07 PM SPIMACO logs SAR 88m profit in 9M
Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO) on Sunday reported a 35.6% year-on-year profit drop during the first nine months of 2019. Net profit amounted to SAR 87.98 million during the nine-month …
Financial Results
Photo Archive
7 August 2018 07:34 PM SIDF approves SAR 287m loan for SPIMACO
Riyadh - Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) announced receiving the approval of the Saudi Industrial Development Fund (SIDF) for a SAR 287.1 million. The approval letter was received, and the …
Banking and Finance