SPIMACO
Manufacturing · Saudi Arabia · 1K - 5K Employees
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Overview
Headquarters
P.o.box 20001, Riyadh, Ar Riyad, 11455, ...Phone Number
+966 113000000Website
www.spimaco.com.saRevenue
$416.5 MillionStock Symbol
2070Industry
ZI Rank: 1
Signal Type
Mar
Apr
May
Jun
Jul
Aug
ZI Rank
1
1
1
1
1
1
About SPIMACO
Founded in 1986, Saudi Pharmaceutical Industries & Medical Appliances develops, manufactures, and markets medicinal products and pharmaceutical formulations and Medical Research. Saudi Pharmaceutical Industries & Medical Appliances is located in Saudi ArabiaExplore more
SPIMACO Org Chart
CD
Finance International Markets Head
MA
Section, Strategics Business Planning Head (C...
FA
Financial Audit, Section Head
EH
Financial Planning & Analysis, Section Head
KI
Section Head GL
MA
Director, Governance
RA
Director, Portfolio Management
TA
Director, Subsidiaries' Finance
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Company Profile Activity
Activity Insights
SPIMACO is experiencing very low activity levels compared to other companies in the Manufacturing sector.
What does this means?
SPIMACO is drawing exceptional interest within the Manufacturing industry, suggesting notable developments or strong market momentum, learn more about SPIMACO.
SPIMACO Tech Stack
A closer look at the technologies used by SPIMACO
Most Recent Scoops
Facilities Relocation / Expansion
successfully operated the region's only high potent manufacturing facility in 2025, localizing four commercial products including two for partner AstraZeneca and two proprietary products, and is currently in the final stages of tech transfer and testing for four additional high potent oncology medications in collaboration with Boston Oncology, with sales from these products expected to begin in 2027 following Saudi FDA registration.
Partnership, Sales, Pharmaceuticals, Manufacturing Operations
Pain Point
experienced an approximately 19% decline in private sector sales in H1 2026, driven by significant changes to the Wasfaty program at the start of 2026 that impacted multiple pharmaceutical companies and retailers, with the new Wasfaty tender announced but results not yet released; the company expects significant improvement beginning in 2027 following strong participation in the new tender.
Sales, Pharmaceuticals
Pain Point
reported that the reduction in its private product portfolio was concentrated in chronic disease categories including diabetes, cardiovascular, neuroscience, and musculoskeletal, while OTC and primary care sales, which are primarily out-of-pocket or covered by private insurance, were not materially affected by the Wasfaty program changes.
Pharmaceuticals
Pain Point
reported that starting January 2026, government and NUPCO enforcement significantly limited the practice of substituting lower-cost products with higher-priced alternatives, causing a significant drop in private sector performance and prompting the company to pursue a more balanced approach across government, private, and international sales channels.
Sales, Governmental Affairs & Regulation, Regulations
Partnership
Partnership, Public Health
SPIMACO News & Media
Saudi Arabia Pharmaceuticals Market 2028 | Saudi Pharmaceutical Industries & Medical Appliances Corporation (SPIMACO),
Saudi Arabia pharmaceutical drugs market includes medicinal products sold as prescription drugs and OTC in hospitals and retail pharmacies for various ailments. SEATTLE, WASHINGTON, UNITED STATES, July 12, 2022 /EINPresswire.com/ -- Key Industry Trends …
Read more news
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Frequently Asked Questions Regarding SPIMACO
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Founded in 1986, Saudi Pharmaceutical Industries & Medical Appliances develops, manufactures, and markets medicinal products and pharmaceutical formulations and Medical Research. Saudi Pharmaceutical Industries & Medical Appliances is located in Saudi Arabia... Read More
