Riyadh, Saudi Arabia - February 06, 2024, Saudi Chemical Company Holding, through its subsidiary Saudi Chemical Company Limited, signed an MOU with the National Company for Mechanical Systems (NCMS) to discuss aspects of collaboration between the two companies to serve and develop the defense industries sector in the Kingdom. The signing ceremony took place during the World Defense Show, in which Saudi Chemical Company Limited is participating as a gold sponsor. The MOU aims to enhance collaboration between the two companies in developing technologies and exchanging experiences to support Saudi Arabia-s plans to localize defense industries and enhance self-sufficiency in this field.

Memorandum Duration is 5 years. Financial Impact is The financial impact cannot be determined except after examining ways of cooperation, identifying joint projects, and estimating the returns from them.