Saudi pharma SPIMACO secures $335m financing to drive growth

Follow-ups -eshrag News:

Mon, 2022-08-29 08:40

RIYADH: Saudi Pharmaceutical Industries and Medical Appliances Corp. has secured SR1.26 billion ($335 million) worth of Shariah-compliant financing to grow the business. 

Better known as SPIMACO Addwaieh, the firm obtained the facilities in the form of short-term loans to finance working capital needs, long-term loans for expansions and investments, and treasury facilities, according to a bourse filing.

Main category: 
Business & Economy

Noting that the news was copied from another site and all rights reserved to the original source.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button