SPIMACO ADDWAEIH announces its board's agreement in the meeting held Wednesday 8161436 corresponding to 632015, for its subsidiary ARAC Health Care to establish a company for health centers and pharmacies administration; with ownership ratio of 80% for ARAC health care and 20% for Pharmaceutical Industries and Distribution Company; and with a self-financed initial capital, 5 million Riyals. That is after getting necessary approvals from the relevant official parties.
ARAC health care company itself is owned by 95% to SPIMACO ADDWAEIH and 5% to Pharmaceutical Industries and Distribution Company; and the Pharmaceutical Industries and Distribution Company is owned by 90% to SPIMACO ADDWAEIH and 10% to ARAC health care company.

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