Julphar sells 51% of its ownership to Alpha Pharma – the economist – the UAE economy

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Gulf Pharmaceutical Industries (Julphar) announced the sale of 51% of its ownership in Alpha Pharma.

The company expected, in a disclosure, yesterday, that it sent to the Abu Dhabi Securities Exchange, that the sale process will result in a reduction of 10% to 12% of the total assets of the consolidated group, as on March 31, 2021. The company said: The financial impact of the deal will appear during the quarter. The second of this year, and indicated that there was no material impact on the company’s operations as a result of the deal, which is expected to be completed in the third quarter of 2021.

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