Competition authority green lights Al Hammadi’s acquisition of 35% stake in Sudair Pharma

10/10/2021 Argaam

Logo of General Authority for Competition (GAC)

The General Authority for Competition (GAC) approved Al Hammadi Company for Development and Investment’s acquisition of a 35% stake in Sudair Pharmaceutical Company (SPC), the company said in a bourse filing.
 

Last July, the Tadawul-listed company signed an agreement to acquire Gulf Investment Corporation’s (GIC) 35% stake in Sudair Pharmaceutical, Argaam earlier reported.

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