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Saudi Bourse Updates on Timeline for Spimaco Stake Sale

MT Newswires·09/06/2026 01:40:50
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01:40 AM EDT, 09/06/2026 (MT Newswires) -- The Saudi Exchange will hold a session for negotiated institutional tranche deals involving a stake in Saudi Pharmaceutical Industries and Medical Appliances Corp. (SASE:2070), d/b/a Spimaco, before the opening auction on Sunday, according to a Sept. 3 release. GIB Capital is the global coordinator and bookrunner in the accelerated bookbuild offerings to sell up to the entire stake of the Arab Co. for Drug Industries and Medical Appliances Corp. in the Tadawul-listed pharmaceutical manufacturer.