SPIMACO signs SAR 189 mln contracts with health ministry

03/09/2018 Argaam

 

Saudi Pharmaceutical Industries Medical Appliances Corp. (SPIMACO) has inked two contracts with the health ministry at a total value of SAR 189.25 million, the company said in a bourse filing.

 

The two contracts, which will boost the company’s position in the local market, will extend until 2020.

 

The relevant financial impact will likely reflect on the company’s earnings over the contracts’ term.

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