Banaja acquires majority stake in DEEF

Saudi Arabia’s Banaja Holdings has acquired a majority holding in DEEF Pharmaceutical Industries Company Limited.

Banaja Holdings, a leading firm in the healthcare and pharmaceutical sectors, will jointly manage the DEEF facility which started production of a range of healthcare and medicinal products in June 2007.

Banaja Holdings’ plan for the DEEF facility is to expand and diversify from its current product portfolio and contribute to the development of the DEEF pharmaceuticals factory to meet the demand of the market.

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