Gibson Dunn Advised ACDIMA on Stake Sale in SPIMACO
Firm News | September 9, 2026
Gibson Dunn advised the Arab Company for Drug Industries and Medical Appliances (ACDIMA) on the sale of its stake in Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO), a leading publicly traded pharmaceutical manufacturer based in Riyadh.
ACDIMA, a holding company that invests in the pharmaceutical industry across the Arab world, sold its 20% stake in SPIMACO through a series of transactions — a block trade and an accelerated book building process, both of which Gibson Dunn advised on.
Our team was led by partner Najla Al-Gadi, supported by associates Gaith Aljundi and Rand Shahin.