01:38 AM EDT, 09/21/2026 (MT Newswires) -- Saudi Pharmaceutical Industries and Medical Appliances Corp. (SASE:2070), d/b/a Spimaco, said Sunday that the shareholders of its subsidiary, Qassim Medical Services, approved the planned stock offering and listing of a portion of its shares on the Saudi Exchange's parallel market. The resolution was passed at Qassim Medical's extraordinary general meeting held on Sept. 17. Spimaco, which holds a 57.23% stake in Qassim Medical, said the plans are at an early stage and remain subject to regulatory approval.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.