On April 30, 2011, Pharmaceutical Company for Development (SPIMACO) subscribed in the capital rise of E-Pharma Morocco to acquire 50 percent stake in the company. E-Pharma’s capital increased to MAD 70 mln or SAR 34 mln.
|Deal Value||Method of Finance||Type||Status|
|4.53 Million USD||-||Acquisition||Completed|
|Saudi Pharmaceutical Indust.& Med. Appliances Corp - Pharmaceutical|
|Argaam Sector||Pharmaceuticals Suppliers|
|*Market Cap (Million SAR)||3,060.00|
|E pharma Company - E pharma Company|
|*Market Cap (Million SAR)||-|
|Expected date for Completion||30-04-2011|
E-Pharma was formed in 2000. The company markets, exports, and distributes medicines and pharmaceutical products.