On August 18, 2026, SABIC Agri-Nutrients Company announced the signing of a non-binding Memorandum of Understanding (MOU) with Maaden Integrated Fertilizer Company (MIFC), a wholly owned subsidiary of Saudi Arabian Mining Company (Maaden), dated August 17, 2026. The MOU establishes a general framework for cooperation in developing and investing in opportunities across the integrated agri-nutrients value chain, including the production and manufacturing of value-added products. Valid for three years from the signing date, the agreement aligns with SABIC Agri-Nutrients Company's 2040 strategy to expand its global leadership in the nitrogenous market. There is currently no financial impact, and any material developments will be announced in due course.

Original announcement:

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.