SPIMACO inks sale, distribution contract for SAR 164.1M annually

08:54 AM (Mecca time) ِArgaam
Logo ofSaudi Pharmaceutical Industries and Medical Appliances Corp.(SPIMACO)

Logo of Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO)

Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO) signed on Jan. 16 a five-year contract with Ibrahim bin Muhammad Al Hadithi International Co. for the sale and distribution of a number of medical products.

 

 

In a statement on Tadawul, SPIMACO noted the annual value of the contract at SAR 164.1 million. The agreement includes products such as Fevadol and an anti-allergy medicine.

 

The financial impact will reflect starting 2025, the statement said.

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