Financing and Banking News


Saudi Pharmaceuticals company Set Up 

The Saudi Minister of Commerce, Mr. Sulaiman al-Sulaim has issued a decree setting up the Saudi Arabian Pharmaceuticals Industries and Medical Appliances Company with an authorized capital of SR300mn ($82.2mn). The company is owned 15% by the Saudi founders, 25% by the Arab Company for Drug Industry and Medical Appliances (ACDIMA), with the remaining 60% being offered for public subscription. The...