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Saudi Chemical Company forms joint venture with Hellmann Worldwide Logistics

Saudi Chemical Company forms joint venture with Hellmann Worldwide Logistics
The MoU will be effective for 90 days
CHEMICAL
2230
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Riyadh – Mubasher: Saudi Chemical Company Holding (SCCH) has signed a Memorandum of Understanding (MoU) with Hellmann Worldwide Logistics to form a joint venture company for logistic services.

Saudi Chemical Company has entered into the agreement through its pharmaceutical sector, represented by Saudi International Trading Company (SITCO Pharma), AJA Pharmaceutical Industries (AJA Pharma), and Chemical Commercial Investment Company (CCCI), according to a press release on Tuesday.

Considered the first of its kind in the region's healthcare sector, the joint venture will offer transportation, loading, unloading, warehousing, and distribution services.

The MoU will be effective for 90 days following the signing date on 22 March 2021.

The Group CEO of SCCH, Thamer Almuhaid, said that the partnership will enhance the quality of logistic infrastructure in Saudi Arabia and diversify investment opportunities and economic activities.