Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Spimaco Acquires 50% Stake in Morocco Ipharma for $4.5 Million

April 30 (Bloomberg) -- Saudi Pharmaceutical Industries & Medical Appliances Corp. will acquire a 50 percent stake in Morocco’s Ipharma, the Riyadh-based company said in a statement to the Saudi bourse website today.

The investment will be carried out when Ipharma doubles its capital by issuing new shares valued at 17 million riyals ($4.5 million), the statement said.

To contact the reporter on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.