Riyadh \u2013 Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) has announced that its board has approved a corporate guarantee to support a credit facility for its joint venture in Algeria, Jamjoom Algeria Lil Dawa SPA.<\/p>\n
The guarantee, issued to Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Alg\u00e9rie SPA, will back a medium-term loan of DZD 1.60 billion (SAR 44.40 million) to Jamjoom Algeria. This loan will finance the addition of a specialized production line for ophthalmology products, enhancing the existing facility’s capacity and aligning with the company’s strategic objectives.<\/p>\n
In compliance with Saudi law and proportional to its 49% shareholding in the joint venture, Jamjoom Pharma will guarantee DZD 784 million (SAR 21.75 million) of the loan.<\/p>\n
In the first quarter of 2024, Jamjoom Pharma reported net profits of SAR 102.96 million, marking a 22% increase from SAR 84.40 million in the same period the previous year.<\/p>\n","protected":false},"excerpt":{"rendered":"
Riyadh \u2013 Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) has announced that its board has approved a corporate guarantee to support a credit facility for its joint venture in Algeria, Jamjoom…<\/p>\n","protected":false},"author":1,"featured_media":5080,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,80],"tags":[],"class_list":["post-5077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-algeria","category-news"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/regtechafrica.com\/healthcare\/wp-content\/uploads\/2024\/07\/Jamjoom-Pharma-Secures-Funding-for-New-Ophthalmology-Production-Line-in-Algeria.jpg?fit=738%2C458&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/regtechafrica.com\/healthcare\/wp-json\/wp\/v2\/posts\/5077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/regtechafrica.com\/healthcare\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/regtechafrica.com\/healthcare\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/regtechafrica.com\/healthcare\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/regtechafrica.com\/healthcare\/wp-json\/wp\/v2\/comments?post=5077"}],"version-history":[{"count":1,"href":"https:\/\/regtechafrica.com\/healthcare\/wp-json\/wp\/v2\/posts\/5077\/revisions"}],"predecessor-version":[{"id":5081,"href":"https:\/\/regtechafrica.com\/healthcare\/wp-json\/wp\/v2\/posts\/5077\/revisions\/5081"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/regtechafrica.com\/healthcare\/wp-json\/wp\/v2\/media\/5080"}],"wp:attachment":[{"href":"https:\/\/regtechafrica.com\/healthcare\/wp-json\/wp\/v2\/media?parent=5077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/regtechafrica.com\/healthcare\/wp-json\/wp\/v2\/categories?post=5077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/regtechafrica.com\/healthcare\/wp-json\/wp\/v2\/tags?post=5077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}