SPIMACO holds virtual Capital Markets Day to outline its revamped 5-year strategy

Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) is holding today, Tuesday 07/02/2023, a virtual Capital Markets Day to outline its revamped 5-year strategy.
SPIMACO’s strategy focuses on the theme of “Building the National Champion in the Saudi Pharma Industry” by capitalising on long-term opportunities offered by the market while aiming at improving the well-being of patients and benefiting all groups of the Company’s stakeholders in the long term.
The company said on Tuesday on Tadawul that its strategy sets ambitious targets to grow revenue by a CAGR of 13-15% up to 2027 and achieve a 15-17% EBITDA margin by 2027 by adopting a new, improved business model built around a combination of organic growth, business development and acquisitions.
SPIMACO will focus on developing and acquiring a robust portfolio of innovative products centred around the needs of patients, growing faster than the market to solidify its leadership in KSA and to become a regional player in key MENA markets.