SPIMACO shareholders approve transfer of SAR220mn from general reserve to provisions against losses incurred by Ibn Rushd
Saudi Pharmaceutical Industries and Medical Appliances Corporation’s (SPIMACO) (2070.SE) shareholders approved the transfer of SAR220mn from the company’s general reserve to a new provision account against the losses incurred by SPIMACO’s 4.17%-owned subsidiary, Arabia Industrial Fibers Company (Ibn Rushd), during the company’s Extra-ordinary General Meeting (EGM) held on 22 May 2016. (Company disclosure) SPIMACO: SAR37.89 as of 22 May 2016, Rating: Buy, FV: SAR45.00 per share, MCap: USD1,212 million, SPIMACO AB / 2070.SE
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.