Riyadh-Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation’s (Spimaco) board recommended giving a medium-term loan to Tassili Arab Pharmaceutical Company (Taphco).
The loan is valued at SAR 2.04 million ($543,000), according to a bourse filing.
It is worth mentioning that Spimaco owns 21.97% stake in Taphco.
Spimaco will announce the date of extraordinary general meeting after getting necessary approvals from relevant authorities.
