India, Aug. 12 -- Alkem Laboratories has, pursuant to a shareholders' agreement dated 12 August, 2025, agreed to incorporate a subsidiary company in the Kingdom of Saudi Arabia. Pursuant to incorporation of such subsidiary, the Company will hold 51% of the total share capital. The balance stake of 49% will be held by Abdulaziz Alsheikh (Saudi Partner).The subsidiary is proposed to be incorporated as a limited liability company and will be involved in the manufacture, import, marketing and distribution of pharmaceutical and/or nutraceutical products within the Kingdom of Saudi Arabia.
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