Latest news with #MahmoudYousufJamjoom
Argaam
01-07-2025
- Business
- Argaam
Jamjoom Pharma reappoints Mahmoud Jamjoom as Chairman
Jamjoom Pharmaceuticals Factory Co.'s (Jamjoom Pharma) board of directors decided, on June 30, to reappoint Mahmoud Yousuf Jamjoom as Chairman and Ahmed Yousuf Jamjoom as Vice Chairman. In a statement to Tadawul, the company said Faisal Linjawy was appointed as board secretary. Additionally, the board formed the nominations and remuneration committee, chaired by Rania Al Turki besides Alaa Jamjoom, Javed Ghulam Mohammed and Thamer Al-Harthi as members. Meanwhile, the board approved the formation of the audit committee, including Faris AlGhannam (Chairman), Turki Alluhaid and Marwan Almubarak. The executive committee was also formed, including Benjamin Togood (Chairman), Ahmed Jamjoom, Javed Mohammed, Tarek Hosni and Mohammed Jamjoom. They appointed the company's representatives to the Capital Market Authority (CMA) and the Saudi Exchange (Tadawul).
Argaam
11-02-2025
- Business
- Argaam
Jamjoom Pharma provides SAR 27.1M guarantee to JV in Algeria
Jamjoom Pharmaceuticals Factory Co.'s (Jamjoom Pharma) joint venture in Algeria, Jamjoom Algeria lil Dawa (Jamjoom Algeria), renewed on Feb. 10 a Shariah-compliant short-term revolving banking facility with Al Salam Bank Algeria at DZD 2 billion (SAR 55.3 million). To support the credit facility issuance, Jamjoom Pharma provided a corporate guarantee of DZD 980 million (SAR 27.1 million) to the bank, in line with Algerian law and in proportion to its joint venture share, the company said in a statement to Tadawul. The facility aims to fund the short-term working capital requirements, the statement added. However, the company said that the previous guarantee of DZD 666.4 million (SAR 18.50 million), announced on Nov. 22, 2023, in favor of the bank was no longer valid. Jamjoom Algeria is a related party as the company's board members, Mahmoud Yousuf Jamjoom and Ahmed Yousuf Jamjoom, have a direct interest as board members of the Algeria venture. Meanwhile, Jamjoom Pharma members – Yousuf Salah Jamjoom, Mohammed Yousuf Jamjoom, and Alaa Yousuf Jamjoom – have an indirect interest.
