| Element List | Explanation |
|---|---|
| Introduction | Saudi Chemical Company Holding, through its subsidiary Saudi International Trading Company Limited ("SITCO Pharma"), announces awarding the construction and civil works of the new warehouse project in Jeddah to Rafic A. Kreidie Contracting Company. The project is expected to enhance logistics efficiency and strengthen inventory management and distribution capabilities, thereby supporting the Company’s future growth and expansion plans. |
| Previous Announcement | Saudi Chemical Company Holding Announces the Board of Directors’ Approval to Establish a State-of-the-Art Warehouse Equipped with Advanced Technologies for Its Subsidiary, Saudi International Trading Company "SITCO Pharma" |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-09-28 Corresponding to 1447-04-06 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The developments consist of awarding the construction works of the new warehouse project in Jeddah on 28 July 2026 to Rafic A. Kreidie Contracting Company to carry out the project's construction and civil works, with a total value of SAR 56,500,000. There are no related parties involved in the mentioned project. |
| Reasons For The Delay on The Date of The Event Previously Announced | Completion of the contracting process and fulfillment of the technical and regulatory requirements necessary for the project. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Not Applicable |
| Delay consequences on the Company’s financial results | Not Applicable |
| Additional Information | None |
Saudi Chemical Company Holding Announces the Latest Developments Regarding the Establishment of a State-of-the-Art Warehouse Equipped with Advanced Technologies for Its Subsidiary, Saudi International Trading Company "SITCO Pharma"
AI Summary
- Saudi Chemical Company Holding’s subsidiary, Saudi International Trading Company Limited ("SITCO Pharma"), awarded the construction and civil works for its new warehouse project in Jeddah.
- The contract was awarded to Rafic A. Kreidie Contracting Company on July 28, 2026, with a total value of SAR 56,500,000.
- The state-of-the-art facility is designed to enhance logistics efficiency and strengthen the company’s inventory management and distribution capabilities.
- There are no related parties involved in the project.
