Saudi Pharmaceutical Industries and Medical Appliances Corp (2070)

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News

30 July 01:15 PM SPIMACO enters into cross-border distribution agreements

Riyadh — Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) has signed distribution agreements on 29 July 2026 with subsidiaries of Cigalah Medical Company, according to a bourse filing. The contracts appoint …

Trade

30 July 05:38 AM SPIMACO generates 110% higher net profits in Q2-26

Riyadh – Mubasher: The net profits of Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) surged by 109.82% for the second quarter (Q2) of 2026, reaching SAR 68.40 million. The quarterly results were compared to SAR 32.60 …

Company News

21 July 08:10 PM Tadawul records 5 negotiated deals exceeding SAR 340.5m on July 21

Riyadh – Mubasher: The Saudi Exchange (Tadawul) witnessed the execution of five negotiated deals on Tuesday, 21 July 2026, at a combined value of SAR 340.54 million. The transactions involved a combined volume of 12.46 million shares across four …

Company News

21 July 07:57 PM Two negotiated deals worth over SAR 326m executed on SPIMACO

Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) registered an additional negotiated deal during the 21 July 2026 session on the Saudi market at 15:46. The transaction was valued at SAR 163.17 …

Company News

21 July 07:44 PM SPIMACO witnesses negotiated deal on nearly 6m shares

Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) saw a negotiated deal amounting to SAR 163.17 million executed during the 21 July 2026 session on the Saudi market at 15:45. The transaction was …

Company News

21 July 06:20 PM Pan-Arab shareholding firm ACDIMA divests nearly 100% stake in SPIMACO for SAR 326m

Riyadh – Mubasher: GIB Capital, acting in its capacity as the financial advisor to the Arab Company for Drug Industries and Medical Appliances, commonly known as ACDIMA, has announced the successful completion of a significant share sale in the …

Company News

9 July 10:38 PM SPIMACO records SAR 87m transaction on Tadawul

Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) recorded a special deal executed on the Saudi Exchange (Tadawul) on 9 July 2026. The transaction was implemented on 3.12 million shares at SAR 27.80 …

Company News

7 July 03:52 PM SPIMACO corrects Q1-26 EPS figure

Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) issued a corrective disclosure regarding its preliminary financial results for the three-month period ended 31 March 2026. The amendment follows an …

Financial Results

14 June 06:07 PM SPIMACO ups equity ownership in MENA-focused ENAYAH to 63%

Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) has entered into a binding agreement to raise its stake in Arabian Medical Products Manufacturing Company (ENAYAH). SPIMACO intends to buy an …

Global Economy

14 June 10:25 AM SPIMACO raises facility deal with SNB to SAR 350m

Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) penned an agreement to renew and increase Sharia-compliant credit facilities with the Saudi National Bank (SNB) on 11 June 2026. The short-term …

Companies Investments

10 June 02:44 PM SPIMACO to pay SAR 42m cash dividends for 2025

Riyadh – Mubasher: The shareholders of Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) approved the board’s proposal to pay cash dividends of SAR 42 million for 2025. The cash dividends account for 3.50% of the …

Cash Dividends

4 May 09:38 AM SPIMACO’s profits exceed SAR 65m in Q1-26 initial results

Riyadh – Mubasher: The net profits attributable to the owners of Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) amounted to SAR 65.10 million in the first quarter (Q1) of 2026. The quarterly profits were lower by …

Financial Results

1 April 10:14 PM SPIMACO achieves 653% profit growth in 2025 amid SAR 1.7bn revenue; dividends unveiled

Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) registered a jump of 652.65% in net profit to SAR 184.40 million in 2025 from SAR 24.50 million in 2024, according to the income statements. The …

Cash Dividends

4 January 04:57 PM SPIMACO launches fully-owned biopharmaceutical subsidiary

Riyadh - Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) has established a fully-owned unit focused on the development and manufacturing of biopharmaceutical products. Known as SPIMACO Bio, the new entity is …

Companies Investments

4 November 2025 10:12 AM SPIMACO posts SAR 1.3bn revenues in 9M-25; profits leap 220%

Riyadh - Mubasher: The net profits of Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) reached SAR 154.70 million in the first nine months (9M) of 2025. The registered net profits jumped by 220.28% from SAR 48.30 …

Financial Results

16 September 2025 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 2025 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 2025 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 2025 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 2025 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 …

Cash Dividends

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