| Element List |
Explanation |
| Introduction |
Saudi Top for Trading Co. announces signing a Memorandum of Understanding with Voluntary Carbon Market |
| Memorandum Signing Date |
2024-06-30 Corresponding to 1445-12-24 |
| Counterparty |
Voluntary Carbon Market |
| Memorandum Subject |
These focus on trading high-integrity carbon credits and contributing to reducing carbon emissions in the manufacturing sector. The two parties aim to cooperate in initiatives to promote the expansion of the voluntary carbon market and advance climate action in the Middle East, North Africa and the world, while contributing to climate action in the Kingdom of Saudi Arabia by compensating for emissions with carbon credits. |
| Memorandum Duration |
This Memorandum of Understanding will remain in effect for a period of 36 months from the date of signing of the Memorandum or when the parties execute a binding agreement in relation to the Memorandum of Understanding. |
| Related Parties |
Not applicable. |
| Financial Impact |
The financial impact of this memorandum cannot be determined at this stage |
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