Aster Pharmacies Group sets up JV in Kingdom of Saudi Arabia

SVB, Silicon valley bank
Photo: Bloomberg
Capital Market
Last Updated : Mar 11 2023 | 4:30 PM IST
Aster Pharmacies Group LLC, a material subsidiary of Aster DM Healthcare has incorporated Joint Venture, Aster Arabia Trading Company LLC, a limited liability Company in Riyadh, Kingdom of Saudi Arabia on 09 March 2023. Aster Pharmacies Group LLC has acquired 48.995% stake in Aster Arabia Trading Company LLC (2,000,000 shares of SAR 10 each).

Aster Arabia Trading Company LLC shall establish, manage and operate Pharmacy chain across the Kingdom of Saudi Arabia to market and sell pharmaceutical and non-pharmaceutical products within each Pharmacy under the Aster Pharmacy brand.

In October 2022, Aster Pharmacies Group LLC entered into a Joint Venture agreement with Abdulmohsen Al Hokair Holding Group to establish, manage and operate Pharmacy chain across the Kingdom of Saudi Arabia.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 11 2023 | 12:30 PM IST

Next Story