Saudi Chemical Company Holding announces the signing of the term sheet in order to reach the final agreement with Hellmann Worldwide Logistics in healthcare sector to develop a framework and implementation plan of the signed MOU which will be extended for an additional period of (180) days to give the team sufficient time to finalize some procedures for this strategic collaboration by which it is expected to form a joint venture company exclusively for healthcare logistic services in Saudi Arabia; with all the previous terms and conditions agreed upon. The company will announce any future developments in this regard in due course.