Gulf Pharmaceutical Industries P.S.C. (ADX:JULPHAR) agreed to acquire remaining 60% stake in Planet Pharmacies LLC from KAMCO Investment Company K.S.C.P. (KWSE:KAMCO) and others for AED 286 million on June 10, 2021. The transaction is expected to completed in July 2021.

Gulf Pharmaceutical Industries P.S.C. (ADX:JULPHAR) completed the acquisition of remaining 60% stake in Planet Pharmacies LLC from KAMCO Investment Company K.S.C.P. (KWSE:KAMCO) and others for AED 286 million on July 8, 2021. The transaction is expected to contribute positively to Gulf Pharmaceutical Industries P.S.C.'s financial performance from the third quarter of 2021. Naji Hawayek and Roshanak Bassiri-Gharb of Clyde & Co. acted as legal advisors to KAMCO Investment Company K.S.C.P.