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Spimaco Addwaeih Subsidiary Increases its Capital in Moroccan Co.,
Saudi Press Agency Published in Saudi Press Agency on 22 - 06 - 2014

Saudi Pharmaceutical Industries and Medical Appliances "SPIMACO" has announced that its subsidiary, Arabian-Moroccan for Pharmaceutical Industry (Ipharma) has obtained the approval of Ipharma to increase its capital from 54,2% to 62,68% in the Initial Public Offering (IPO)
that aims at doubling the company's capital from MAD 50 million to 100 million.
The company said in a statement posted today on the Saudi financial market "TADAWUL" that the approval on Ipharma's capital increase came following a meeting of the company's board yesterday in the Moroccan city of Tangier.

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