May 10th, 2019 | 0 commentsSaudi Arabia-based Middle East Healthcare Company (Saudi German Hospital) on Thursday announced that the overall project completion rate reached 93% in its facility in Dammam. Started on 7 December 2016, the construction work of the new healthcare facility is expected to be finished on 6 June, according to a statement to the Saudi Stock E...
April 22nd, 2019 | 0 commentsBahrain’s Supreme Council for Environment (SCE) will deliver two key seminars at the G Dr Mohamed Mubarak Bin Daina, chief executive of SCE, will lead the seminar looking at Environmental Impact Assessment licensing. The importance of the EIA, according to Dr Bin Daina, cannot be stressed enough. “An EIA is a scientific study that ensures...
April 22nd, 2019 | 0 commentsAssistant undersecretary for public health policy and licensing at the UAE’s ministry of health and prevention (MoHAP) on Saturday opened a new plant for Geltec Healthcare FZE at the National Industries Park (NIP) of DP World. Geltec invested AED 110 million ($29.95 million) in the building of the new plant, which will have the capacity t...
April 3rd, 2019 | 0 commentsMedCom Healthcare, a company dedicated to managing medical insurance for insurance companies in Egypt, is looking to raise its paid-up capital by EGP 12.5 million to EGP 20 million within months. This move comes in line with Egypt’s new health insurance law, the company’s CFO Hisham Joseph told Mubasher in an interview. The Egypt-based fi...
April 3rd, 2019 | 0 commentsEgyptian International Pharmaceutical Industries (EIPICO) is currently conducting a study to establish the largest project in the country to produce biologics. With investments of EGP 1 billion, EIPICO plans to establish this project to produce medications related to cancer diseases and hormonal therapy, according to a recent bourse filin...
April 1st, 2019 | 0 commentsMinapharm Pharmaceuticals on Sunday reported a 16.5% year-on-year rise in profits for the full fiscal year 2018. The company’s net profits hit EGP 72.12 million from January to December 2018, against EGP 61.9 million a year earlier, according to a statement to the Egyptian Exchange (EGX). Sales rose to EGP 1.43 billion last year, from EGP...
March 26th, 2019 | 0 commentsIbnsina Pharma (ISPH) has got the Financial Regulatory Authority (FRA) green light to publish capital hike disclosure, according to article No. 48 of listing rules. Upon the Board of Director resolution that held on March 06, 2019, the Company will hike the issued and paid capital from LE180,500,000 to LE205,000,000, with the increase amo...
March 19th, 2019 | 0 commentsAl Ahsa Development on Monday announced the completion of purchasing a 25% stake in Twareat Medical Company at a value of SAR 15 million. The transaction’s financial impact will start to appear in the company’s financials as of the first quarter of 2019, according to Al Ahsa’s filing to the Saudi Stock Exchange (Tadawul). In January, the...
March 19th, 2019 | 0 commentsCleopatra Hospital Co has spent around EGP 148.23 million of the proceeds of its capital increase subscription worth EGP 700 million listed on 18 January 2018. The hospital has used around EGP 121.8 million of the proceeds to pay its first loan from the Commercial International Bank (CIB), as well as the subscription expenses of EGP 26.43...
March 8th, 2019 | 0 commentsEgyptian International Pharmaceutical Industries (EIPICO) reported an increase of 1.8% in the consolidated profits during fiscal year 2018 compared to the previous year. Net earnings grew to EGP 701.31 million in FY18 from EGP 688.87 million in FY17, according to a bourse disclosure on Thursday. EIPICO recorded a growth of 11.41% in sales...
