Middle East Pharmaceutical Industries Co. (4016)

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News

16 April 07:02 PM Avalon Pharma appoints new leadership team

Riyadh - Mubasher: Middle East Pharmaceutical Industries Company (Avalon Pharma) named Ahmad Shaher Al Tabbaa as the board’s Chairman for the next four years. The ordinary general meeting (OGM), which was held on 9 April 2026, also resolved to …

Board of Directors

6 April 06:07 PM CMA greenlights Avalon Pharma’s capital hike

Riyadh - Mubasher: The Capital Market Authority (CMA) approved the request of Middle East Pharmaceutical Industries Company (Avalon Pharma) to increase its capital to SAR 350 million from SAR 200 million. The company will issue three bonus shares …

Company News

4 February 11:16 AM Avalon Pharma, Bio-Thera reach license agreements for BAT3306 in MENA

Riyadh – Mubasher: Middle East Pharmaceutical Industries Company (Avalon Pharma) entered into a strategic commercialization agreement with Bio-Thera Solutions to register Pembrolizumab in Saudi Arabia and MENA markets Under the agreement, …

Global Economy

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 …

Board of Directors

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 …

Board of Directors

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