. announces the signing of a non-binding, non-exclusive MoU on 03-09-2025 with the National Unified Procurement Company (NUPCO) and Waymade PLC (UK). The MoU sets a general framework to ensure continuity of supply, improve supply-chain efficiency, grant KSA priority in registering new products, and enhance knowledge and expertise exchange among the parties.
Memorandum Signing Date
2025-09-03 Corresponding to 1447-03-11
Counterparty
NUPCO – Waymade PLC (United Kingdom)
Memorandum Subject
A non-exclusive cooperation framework to explore partnerships, enhance supply-chain efficiency, provide KSA with priority in new product registrations, and promote knowledge/experience exchange, aiming at subsequent definitive agreements. – Cooperation Areas: (1) Joint cooperation to ensure continuity of supply and improve supply-chain efficiency. (2) Granting KSA priority in registering new products and enhancing knowledge/experience exchange among the parties.
Memorandum Duration
Twelve (12) months from the signing date, ending 02-09-2026, extendable by mutual written agreement.
Related Parties
None.
Financial Impact
No material financial impact is expected during the MoU term; the MoU does not create financial or contractual obligations on the parties.
Additional Information
The MoU is non-binding and does not create a partnership or agency. A joint working team will be formed within 14 days of signing to develop a detailed work plan and define roles; any subsequent definitive agreements will be disclosed upon signing. Data/document exchange will comply with NUPCO policies and applicable regulations, including SDAIA and the National Cybersecurity Authority requirements.
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