SPIMACO signs SAR 160.3 mln contract with Ibrahim Alhodaithy International

05/10/2021 Argaam

Logo of Saudi Pharmaceutical Industries and Medical Appliances Corp.

Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO) signed today, Oct. 5, a three-year contract with Ibrahim Al Hodaithy International Co. for selling, marketing and distributing its medical products, according to a bourse statement.

 

Under the SAR 160.27 million contract, Alhodaithy will sell, market and distribute the Fevadol range, allergy product and three types of mouthwash.

 

The positive financial impact of the contract will reflect on FY2022 and beyond, the statement noted.

 

There were no related parties.

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