The Saudi Tabouk Pharmaceutical Industries Company exported 27 million Saudi riyals ($7.2 million) worth of pharmaceuticals to Iraq in March, under the framework of the Oil for Food Agreement, reported Al-Hayat . The products exported came from seven od the companies different pharmaceutical categories.
Tabouk was founded in 1996, in the north-west region of Saudi Arabia near the city of Tabuk. Its capital was then 150 million riyals ($102 million), which has since been increased to 200 million riyals ($136 million). It markets some 30 pharmaceutical products around the Middle Eastern region. Its overall yearly capacity of production is now up to 500 million tablets, 250 million capsules, 71 million liquid preparations and five million creams. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
