Citi Pharma makes first MENA export, EUR 560,000 deal

MG News | February 27, 2025 at 11:08 AM GMT+05:00

0:00

February 27, 2025 (MLN): Citi Pharma Limited (PSX: CPHL) has completed its first-ever export to the MENA Region, marking a significant milestone in our expansion strategy, according to the Company's filing on PSX revealed today.

This export order was received based on the FDA accreditation that Citi Pharma has obtained (announced on 20th September 2024).

The total export value amounts to EUR 560,000, of which we had previously received an advance payment of EUR 200,000.

"Today, we have received the remaining balance of EUR 360,000, finalizing this initial export transaction," the filing reads.

Overall, the Company is eyeing a total export value of at least EUR 8,000,000 to EUR 10,000,000 annually to the MENA Region to the International Market and a similar amount to other International Markets including North America.

This achievement paves way for Citi Pharma Limited's growth in the international markets, strengthening our presence and unlocking new opportunities for the company.

The Company remains committed to growth and increasing shareholder value and will keep the shareholders informed, it added.

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