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Saudi Chemical Co. — M&A Activity 2021
Sep 30, 2021
53314_rns_2021-09-30_72c81f67-7536-47a7-a5a1-5ffa79409049.html
M&A Activity
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Saudi Chemical Company Holding Announces Latest Updates on the MOU with Hellmann Worldwide Logistics
2230 · 30/09/2021 08:12:48 · Announcement #65007 · View on Saudi Exchange
Saudi Chemical Company Holding Announces Latest Updates on the MOU with Hellmann Worldwide Logistics
| Element List | Explanation |
|---|---|
| Introduction | 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. Previous Announcement Saudi Chemical Co. Announces an update on Saudi Chemical Co. announces signing a Memorandum of Understanding with Hellmann Worldwide Logistics Date of Previous Announcement on Tadawul's Website 2021-06-15 Corresponding to 1442-11-05 Percentage of fulfilled achievement N/A Event's Expected Completion Date N/A The costs associated with the event, and if they have changed or not with indication of the reasons. N/A
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