Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO ADDWAEIH)
Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO ADDWAEIH) is a Saudi joint-stock company listed on the Saudi Stock Exchange 'Saudi Tadawul'. It is the cornerstone of the pharmaceutical industry in the Kingdom of Saudi Arabia, adhering to modern scientific and industrial standards and technologies. Established in 1986, its headquarters are located in the capital, Riyadh.
It was listed on the Saudi Tadawul in early January 1994, and its shares are traded on the main market within the pharmaceuticals sector under the name "SPIMACO" with the symbol (2070) and International Securities Identification Number (ISIN) (SA0007879188). As of the update on April 14, 2014, the company's capital amounts to SAR1.2 billion.
Saudi Pharmaceutical Industries and Medical Appliances Corporation establishment
The company was established on January 20, 1986, as a Saudi joint-stock company to operate in pharmaceutical and medical production. Its activities include manufacturing, producing, developing, marketing, selling, and distributing pharmaceutical raw materials, medical and pharmaceutical preparations, production supplies, medical and pharmaceutical devices and supplies, and producing medical consumables. The company also engages in investment activities, including investing in available-for-sale securities.
It excels in extending its services to efficiently cover both local and international markets and has strong relationships with numerous medical and professional institutions and organizations. The company also strengthens its business relations with several prominent global companies.
"ADDWAIEH" factory in Qassim Province focuses on modern scientific and manufacturing standards and was instrumental in the company receiving many global awards and certifications.
Subsidiaries of the Saudi Pharmaceutical Industries and Medical Appliances Corporation
The company contributes to several joint-stock and limited liability companies both within and outside the Kingdom, including Arac Healthcare Limited (ARAC), Arabian Medical Products Manufacturing Company Limited (Enayah), Arab Pharmaceutical Company (Tassili Taphco – Algeria), Qassim Medical Services Company, Cad Middle East Pharmaceutical Industries, Pharmaceutical Industries Distribution Company, Dammam Pharmaceutical Company (Dammam Pharma), SPIMACO Misr for Distribution, SPIMACO Misr for Marketing, SPIMACO Egypt, SPIMACO Morocco for Pharmaceutical Industries, SPIMACO Algeria, and ARACOM Medical Company.
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