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SPIMACO is a successful company by all means and that is very visible when examining its finances. SPIMACO has had one of the best IPO's in Saudi Arabia in 1986 and when it increased its capital in 1992, it drew more than 200,000 subscribers and the offer was over-subscribed 7 times which necessitated a very low allocation scheme.

SPIMACO management did not disappoint its shareholders and continued to operate profitably from its first operating year 1991. Continuous dividend payment to the shareholders was only matched by very few public companies in Saudi Arabia.
SPIMACO publicly published financial statements illustrate why SPIMACO is a very popular stock.

SHAREHOLDERS
ACDIMA (Arab Company) is SPIMACO's main shareholder. It carries 20% of SPIMACO's stocks. ACDIMA is a Pan Arabian Development Company owned by 11 Arab countries with Saudi Arabia share is 20%. ACDIMA was formed to develop the pharmaceutical industry in the Arab world.
Saudi citizens and institutions own the balance of SPIMACO shares and SPIMACO shares are actively traded in the Saudi stock market.

 

SPIMACO ADDWAEIH Investments:

  • Arabian Medical Products Manufacturing Company ( ENAYAH )
    ENAYAH is a limited liability company with paid in capital of SR 6 million which is 51 % owned by SPIMACO . ENAYAH is specialized in the manufacture of disposable medical materials.

  • Tassili Arab Pharmaceutical & Co. ( TAPHCO) – Algeria:
    SPIMACO ADDWAEIH’s investment in TAPHCO amounted to SR 11,753,150 which represents 22 % of its capital. This is a strategic investment for SPIMACO’s in the Algerian market.

  • Al Qassim Medical Services Company :

    • SPIMACO ADDWAEIH owns about 11 % of this company, which has a paid in capital of SR 91 million. The company’s first project is a hospital in Al Qassim which is currently in an advance stage of completion.

  • Arabian Industrial Fibers Co. ( Ibn Rushd )

    • SPIMACO ADDWAEIH's investment in Ibn Rushd amounts SR 355 million which represents 10 % of Ibn Rushd's capital.

  • Saudi Industrial Investment Group ( SIIG) :

    • SPIMACO ADDWAEIH currently owns 3.12 % of SIIG shares .
    Website:www.siig.com.sa

  • The National Industrialization Company ( NIC):

    •  SPIMACO ADDWAEIH is considered a strategic partner in NIC with number of 12,227,600 shares representing 5.25 % of NIC capital.
    Website:www.nic.com.sa

  • Yanbu National Petrochemical Co. ( YANSAB) :

    • SPIMACO ADDWAEIH participated in the formation of " YANSAB" . It possessed as a founder with 10,711,500 shares that represents 1.9 % of YANSAB capital.
    Website:www.yansab.com.sa

  • CAD Middle East Pharmaceutical ( CAD ) :

    • During 2006, SPIMACO ADDWAEIH participated with ownership of 25 % of CAD Middle East Pharmaceutical Ltd. CAD principal activity is to manufacture effective primary materials, which enter in pharmaceutical products.
    Website:www.cadmiddleast.com