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Gulf Pharmaceutical Industries (Julphar) announced plans to exit certain investments in its subsidiaries. To restructure its asset portfolio with the aim of optimizing business and improving Julphar's financial results, the company decided to sell part of its investments. The company also announced a reduction in investments in certain products and areas of activity.
"We constantly evaluate our portfolio and make decisions in accordance with our strategic plans for the long-term growth of our business,” said the chairman of Julphar's board of directors. At the same time, the company reaffirms its commitment to enhancing efficiency, focusing on key areas of activity, which should help strengthen its market position.