SPIMACO Announces Liquidation of its Subsidiary ANORA Trading Co.

Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO ADDWAIEH) announces the liquidation of ANORA Trading Company by virtue of a Shareholders Resolution dated 17.11.2021, and the appointment of a liquidator for the Company, due to the Shareholders resolution to liquidate.

Noting that ANORA Trading Company is a limited liability company, with a paid-up capital of SAR300 thousand, and it is 99% owned by ARAC Healthcare Company.

ARAC Healthcare Company is fully owned by SPIMACO ADDWAIEH – the financial impact is not expected to be material – and will be shown in the consolidated financial statements of SPIMACO ADDWAIEH during the coming period after the completion of the liquidation procedures.