SABIC and Ma'aden Sign Investment MOU
Saudi Agricultural Nutrients Company, a wholly owned subsidiary of Maaden, signed a three-year memorandum of understanding with SABIC Agricultural Nutrients to explore opportunities for cooperation and joint investment in the fertilizer and agricultural nutrients value chain, including the production and manufacturing of value-added products. The memorandum aims to establish a framework for developing these opportunities, with implementation contingent upon technical and financial studies and obtaining the necessary approvals. This step aligns with SABIC's 2040 strategy to enhance its global position in the nitrogenous products market.
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