Riyadh - Mubasher: Saudi Pharmaceutical Industries and Medical Appliances (SPIMACO) has announced selling 2.6 million shares in Yanbu National Petrochemicals (Yansab).

SPIMACO said in a statement on Wednesday that the transaction was carried out at fair value with a total price of SAR 194.3 million, with an average selling price of SAR 72.64 per share, achieving a profit of SAR 167.6 million.

It is worth noting that the selling was done at separate times, starting from 15 April to 6 June, the company said in a statement to the Saudi Stock Exchange (Tadawul) on Wednesday.