Logo of Saudi Pharmaceutical Industries and Medical Appliances Corp.

Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO) said that ANORA Trading Co.'s shareholders, on Nov. 17, approved voluntary liquidation and the appointment of a liquidator. 

 

The company added in a bourse statement that ANORA is a limited liability company, with a paid-up capital of SAR 300,000, and is 99%-owned by ARAC Healthcare Co. 

 

ARAC Healthcare is fully-owned by SPIMACO.

 

The financial impact - which is not expected to be material - will be shown following the completion of the liquidation procedures in the consolidated financial statements of SPIMACO in the coming period.

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