Auditor Casts Doubt On Julphar’s Future Amid Saudi Ban

As it struggles to restore exports to one of its key markets, Saudi Arabia, following a facility inspection, UAE-based Julphar is continuing to post large losses on tumbling turnover.

Medicine on Saudi Arabia money, banknotes detailed background photo texture, health insurance, medical concept - Image
A ban on exporting to Saudi Arabia from a key facility in the UAE is severely hurting Julphar's sales and profits • Source: Shutterstock

Huge losses amassing due to a Saudi export ban that closes off Julphar’s key market mean that “a material uncertainty exists that may cast significant doubt on the group’s ability to continue as a going concern,” the United Arab Emirates company’s newly appointed auditor, Ernst & Young, has warned.

In September 2018, the Saudi Food and Drug Authority inspected Julphar’s plant in Ras Al Khaimah, UAE. As a result,...

Generics Bulletin Podcast

Stay ahead of every shift in generics and biosimilars.

Generics Bulletin brings you the latest updates that matter for the off-patent industry.

More from Manufacturing

ADHD Medications and Cardiovascular Effects: New Data Revealed. (A Comprehensive Evaluation of Emerging Clinical and Epidemiological Evidence on the Cardiovascular Effects Associated with Prescribed Medications for Attention Deficit Hyperactivity Disorder) - Clone

 
• By 

A look at new research on the cardiovascular effects of ADHD medications and what it means for clinical care. This article explores the latest clinical and epidemiological research on the cardiovascular effects of medications commonly prescribed for ADHD, examining potential heart-related risks, underlying mechanisms, and their implications for patient safety, clinical decision-making, and long-term treatment strategies across diverse age groups and risk profiles.

Type:DisclosureDevelopments | Publication:GB | Section:Business | Paywall:Free — Article containing all Composer content for testing (Do not update)

 
• By 

Video provides a powerful way to help you prove your point. When you click Online Video, you can paste in the embed code for the video you want to add. You can also type a keyword to search online for the video that best fits your document.

ADHD

This is regarding ADHD.

GB-Business-Free-DisclosureDevelopments-The Secret to Walking More: It’s Not Counting Steps

 
• By 

We’ve all been told that walking 10,000 steps a day is the magic number for better health. But what if the real secret to walking more isn’t about counting steps at all? In this article, we explore how focusing on motivation, environment, and mindset can help you build a walking habit that lasts.

More from Business

uygukgigo

 
• By 

Test

Podcast test

 
• By