Riyadh – Mubasher: Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) has announced the liquidation of ANORA Trading Company, one of the subsidiaries, based on the shareholders' resolution.
A liquidator was appointed for ANORA, a limited liability company that is 99% owned by ARAC Healthcare Company, fully owned by SPIMACO, according to a bourse filing on Thursday.
The liquidation's financial impact is not expected to be material and will be registered in SPIMACO's consolidated financials during the coming period following the completion of the procedures.
