On July 28, 2026, Saudi Chemical Company Holding announced the latest developments regarding the establishment of a new state-of-the-art warehouse for its subsidiary, Saudi International Trading Company ("SITCO Pharma"). The company has awarded the construction and civil works of the new warehouse project in Jeddah to Rafic A. Kreidie Contracting Company, with a total contract value of SAR 56,500,000. This follows the Board of Directors' initial approval announced on September 28, 2025, with the delay attributed to the completion of the contracting process and fulfillment of technical and regulatory requirements. The project aims to enhance logistics efficiency and strengthen inventory management and distribution capabilities, supporting the company's future growth and expansion plans. No related parties are involved in the project.

Original announcement:

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