Sabic unit signs deal for local production of PPE
RIYADH, December 24, 2020
Nusaned Investment, an investment company owned by Sabic, has signed an agreement with Abdulaziz & Brothers Company (A&BC). A&BC will own and operate a manufacturing facility of Personal Protective Equipment (PPE).
The deal between Nusaned Investment, through Nusaned Fund managed by Albilad Capital, and A&BC will further strengthen the position of the company and accelerate its development as well as its regional and domestic outreach.
A&BC is a new manufacturing facility located in Jubail specialized in producing PPE, specifically helmets, protective glasses and cut resistant gloves for the industrial and construction sectors. A&BC, which will be one of the first local producers of PPE in the Kingdom, has also entered into an agreement with a global leader in the PPE industry.