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The Saudi Pharmaceutical Industries & Medical Appliances Corporation (SPIMACO) announces that the warehouse of one of its associate companies had a fire incident

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Announcement Detail The Saudi Pharmaceutical Industries & Medical Appliances Corporation (SPIMACO) received on Thursday January 21, 2021 AD a letter from the Arabian Medical Products Manufacturing Company (ENAYAH), stating that the warehouse of the Arabian Medical Products Manufacturing Company (ENAYAH) located in the Second Industrial City in Riyadh, had a fire incident on Saturday January 16, 2021 AD, and it was controlled without any human injuries. It is noteworthy that the warehouse has insurance coverage for such incidents. The financial impact of this fire will be announced later after the issuance of the civil defense report and the loss adjuster report.

It should also be noted that the Arabian Medical Products Manufacturing Company (ENAYAH) is an associate company (joint venture) of the Saudi Pharmaceutical Industries & Medical Appliances Corporation (SPIMACO), which SPIMACO owns 51%.

ENAYAH manufactures extensive range of single-use healthcare products. Product range includes: Surgical Gowns, and its accessories, and other healthcare products.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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