SPIMACO Buys Additional 12% Stake in ENAYAH for SAR45M
Saudi Pharmaceutical Industries & Medical Appliances Corporation (SPIMACO) announced a binding agreement to acquire an additional 12% stake in Arabian Medical Products Manufacturing Co. (ENAYAH) for SAR45 million (~USD12 million), increasing its ownership from 51% to 63%. The deal will be financed through internal resources.
Key Numbers
Saudi Pharmaceutical Industries & Medical Appliances Corporation (SPIMACO) (Tadawul: 2070) announced a binding agreement to acquire an additional 12% stake in Arabian Medical Products Manufacturing Co. (ENAYAH) for SAR 45 million (~USD 12 million).
Deal Details
| Item | Value |
|---|---|
| Stake acquired | 12% |
| Ownership after deal | 63% (up from 51%) |
| Deal value | SAR 45 million (~USD 12 million) |
| Seller | Accendra Health, Inc. |
| Financing source | SPIMACO's internal resources |
| Expected financial impact | H2 2026 |
Rationale
The acquisition aims to strengthen SPIMACO's presence in the medical manufacturing sector and enhance production capabilities in the Kingdom's pharmaceutical and medical industries. It reflects the company's expansion strategy in value-added investments.
Regulatory Challenges
The company did not mention any expected regulatory hurdles, noting that the deal is subject to standard regulatory approvals.
Impact on Shares
The financial impact is expected to be reflected in the company's financial statements starting from the second half of 2026. No immediate market reaction was reported.
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