Business
ZAWYA-SNG: Egypt: Ibnsina Pharma exits EGP $22.5mln financial leasing contracts
ZAWYA-SNG: Egypt: Ibnsina Pharma exits EGP $22.5mln financial leasing contracts
About this update from Ibnsina Pharma
Staff WriterArab Finance: Ibnsina Pharma has exited from the financial leasing contracts related to the land and machinery within the Shorouk building, according to a bourse disclosure.Under the approved agreement, an investor will replace the company in the financial leasing contracts in exchange for EGP 670 million.It also exited the financial leasing contracts of Al-Haram building, as another investor will settle the deal and pay EGP 402 million to Ibnsina Pharma as per the agreed-upon schedule.During the first nine months of 2025, Ibnsina Pharma ranked first in non-pharma product distribution across pharmacies in Egypt, reordering a 32.4% market share.© 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (Syndigate.info).Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.