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EBRD, DPI and BII announce exit from KELIX bio

EBRD, DPI and BII announce exit from KELIX bio
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Andhra pradeshUnited statesUnited kingdomEssam faroukAlhadi alwazirDeutsche investitionsAbu dhabiFrederic lucenetSofiane lahmarHocine sidiSamir abhyankarHead of corporate development alhadi alwazirDutch entrepreneurial development bankUnited nations un sustainable development goalEuropean unionBritish international investment

Mubadala Acquires KELIX bio, Expanding Access to Life-Saving Pharmaceuticals in Emerging Markets

Mubadala Acquires KELIX bio, Expanding Access to Life-Saving Pharmaceuticals in Emerging Markets
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United statesUnited kingdomAndhra pradeshCity ofSofiane lahmarDeutsche investitionsAlhadi alwazirAbu dhabiSamir abhyankarEssam faroukHocine sidiFrederic lucenetHead of corporate development alhadi alwazirUnited nations un sustainable development goalEuropean bankAllen overy

DPI, BII and EBRD announce exit from KELIX bio, a leading emerging markets biopharmaceutical platform they created in 2020

The transaction is set to be one of the largest private equity exits and M&A deals in the pharmaceutical sector in Africa over the last twenty years·         DPI, BII and EBRD, founding investors of KELIX bio, have entered a binding agreement to fully exit their inv.

United statesUnited kingdomCity ofAndhra pradeshFrederic lucenetAbu dhabiAlhadi alwazirSofiane lahmarHocine sidiEssam faroukSamir abhyankarMubadala investment companyHead of corporate development alhadi alwazirEuropean bankDevelopment partners internationalBritish international investment

Julphar acquires full control of Planet Pharmacies

Julphar acquires full control of Planet Pharmacies
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Saudi arabiaEssam faroukSaqr al qasimiGulf pharmaceuticals industries julpharKhaleej times julpharPlanet pharmaciesPharmaceuticals industriesKamco investSaqer humaid al qasimiசவுதி அரேபியாகிரகம் மருந்தகங்கள்மருந்துகள் தொழில்கள்காம்கோ முதலீடு

UAE s pharma giant Julphar speeds up its comeback, narrows 2020 losses

Net sales for 2020 were Dh581.2 million, which is a 93 per cent gain on 2019’s Dh301.5 million. Dr. Essam Farouk, CEO of Julphar, said in a statement: “We will consolidate our market position and expand our market share in the MENA region. The ongoing transformation programme will make the company more competitive in our core markets. “Last year, the capital restructuring marked a major milestone in our transformation. We are confident that the company is well on track to regain its leading market position in the MENA region.” Capital plans Last year, Julphar’s board approved a special resolution for a capital reduction followed by a capital increase through a rights issue.

Saudi arabiaUnited arab emiratesRas al khaimahRas al khaymahEssam faroukJulphar or gulf pharmaceutical industriesImage creditGulf pharmaceutical industriesசவுதி அரேபியாஒன்றுபட்டது அரபு அமீரகங்கள்ராஸ் அல் கைமாபடம் கடன்வளைகுடா மருந்து தொழில்கள்