Sabic affiliate Nusaned has signed an investment agreement through the Nusaned Fund, with the Green Kingdom Industries (GKI) and the Italian company (AMUT), to establish a plant for recycling polyethylene terephthalate (PET) bottles in Rabigh.
In line with its social responsibility strategy and programs to promote health and well-being, SABIC has honored the winners of its National Award for Mental Health Promotion on World Mental Health Day at its headquarters in Riyadh. The SABIC award, facilitated in partnership with the National Committee for Mental Health Promotion, aims to contribute to a healthy society and
DUBAI: The investment arm of Saudi Basic Industries Corp. (SABIC) has signed an agreement to invest in a company manufacturing personal protective equipment (PPE).
Nusaned Investment’s mandate is to invest in emerging technologies in the Kingdom and increase SABIC’s support for small and medium-sized firms in the country’s industrial sector.
The latest agreement with Abdul Aziz and Brothers Co. (A&BC) will see it invest in a new manufacturing facility in Jubail, which will specialize in the production of PPE, specifically helmets, protective glasses, and cut-resistant gloves for the industrial and construction sectors.
A&BC is one of the first local producers of PPE in the Kingdom.