SPIMACO says fire erupted at warehouse of 51%-owned subsidiary

24/01/2021 Argaam

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Saudi Pharmaceutical Industries & Medical Appliances Corp (SPIMACO) received, on Jan. 21, 2021, a letter from the Arabian Medical Products Manufacturing Co. (ENAYAH), stating that its warehouse in the second Industrial City in Riyadh had a fire incident on Jan. 16, 2021.

 

SPIMACO owns 51% of ENAYAH, the company said in a bourse statement.

 

The fire was controlled without any casualties, the statement said, adding that the warehouse has insurance coverage for such incidents.

 

The financial impact of the fire will be announced later after the issuance of the civil defense report and the loss adjuster report.

 

ENAYAH manufactures extensive range of single-use healthcare products, including surgical gowns and its accessories, and other healthcare products.

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