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Spimaco Unit's Shareholders Approve Stock Offering, Listing on Saudi Bourse's Parallel Market

MT Newswires·09/21/2026 01:38:07
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01:38 AM EDT, 09/21/2026 (MT Newswires) -- Saudi Pharmaceutical Industries and Medical Appliances Corp. (SASE:2070), d/b/a Spimaco, said Sunday that the shareholders of its subsidiary, Qassim Medical Services, approved the planned stock offering and listing of a portion of its shares on the Saudi Exchange's parallel market. The resolution was passed at Qassim Medical's extraordinary general meeting held on Sept. 17. Spimaco, which holds a 57.23% stake in Qassim Medical, said the plans are at an early stage and remain subject to regulatory approval.