YIACO Medical Co. has shifted to their new Headquarters offices in the Salmiyah area, Block 5, Amr Ibn Al-Aas street in Sama Tower (Previously known as Salmiyah Cinema). This shift comes as an extension of the company’s Vision and Mission for the future, in which YIACO has always catered to the needs of its clientele and the health sector in Kuwait. The Shuwaikh Industrial area has served the company very well during the company’s over 50 year history, but as the medical and business fields expanded in Kuwait, YIACO feels it must be close to its customers, suppliers and the mass market in order to better serve the community.

YIACO is looking forward to more years of dedication to the medical field in Kuwait as it did since 1953, making YIACO Medical Co. the #1 name in Pharmaceuticals and Medical Supplies as well as Medical Centers in the State of Kuwait.

YIACO’s new Hotline number is 222 30 600.

YIACO was selected as one of the participant speakers in the “First Forum of the Kuwait Stock Exchange Listed Companies” which was held in May 2009. It was a great honor for YIACO to be one of the 14 companies chosen from all listed companies to present its strategy and performance in this forum. YIACO showcased to all the investors present in the forum giving them the real picture of the nature of business of YIACO.

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YIACO achieved 1.722 million KD net profit in the first quarter of 2009 as compared to KD 952 thousand in the first quarter of the year 2008. An increased of 80% was achieved in comparison with the same period in 2008.
Earning per share was higher at 10.41 fils as against 5.74 fils for the same period in year 2008.

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In March 2009, Pharma & Business Development Division inaugurated a new pharmacy in City Center, Shuwaikh which is considered as the First pharmacy in Kuwait located in one of the biggest hyper market in the state of Kuwait.
Through YIACO’s chain of 22 pharmacies well distributed geographically in Kuwait our teams of pharmacists offer the best services to our valued customers providing the best quality brands of pharmaceuticals, health care products and cosmetics.

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Our employees are our most valuable asset and we believe in giving the best training to all so that they improve in their technical and personal skills. Keeping this in mind we entered an agreement with one of the distinguishing training center in Kuwait to conduct around 25 different training courses covered different business field specializations.

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YIACO and Roche Diagnostics (One of our Esteemed Principal) signed an agreement with the Central Blood Bank to supply reagents for testing Virus Identification (such as: HIV, Hepatitis B&C) for the next 3 years using the NAT technology.
NAT (= Nucleic Acid Testing) considered as the latest technology around the world which can detect the low level of viral genetic material present in the blood before the body begins producing antibodies. This will further help to decrease the risk of supplying any contaminated blood to the patients.

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In line with our Strategy Implementation plans, IT Department implemented Dynamics AX 2009 –A world class Enterprise Resource planning System –to support our constantly evolving business operations.
A contract has been signed with INC technologies - Kuwait, a Gold Certified Partner with Microsoft Business Solutions as our partner to implement MS Dynamics AX 2009 for YIACO. The new system has since been implemented in Account Department, HR Department and it will be soon implemented in whole YIACO by the end of 2009.

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