Saudi Chemical Holding Company is a Saudi joint-stock company listed on the Saudi Stock Exchange 'Saudi Tadawul'. It was established on March 25, 1972, and is headquartered in the capital, Riyadh. The company owns a group of companies specializing in the distribution and manufacturing of pharmaceuticals, medical supplies, and equipment.
Its shares are traded on the main market within the Healthcare sector under the name "Chemical" with the symbol (2230), and International Securities Identification Number (ISIN) (SA0007879402). The company's capital is SAR843.2 million as of the update on June 22, 2023.
Saudi Chemical Holding Company owns five Saudi companies, including Saudi Chemical Company Limited, which operates in the field of civil and military explosives. It owns three factories in addition to distribution sites. Saudi International Trading Company (Sitco Pharma), focuses on the distribution of pharmaceutical products in the Kingdom. It is one of the major distributors in the Kingdom for vaccines and refrigerated medications such as insulin and hormones. Aja Pharma, specializes in the manufacturing and marketing of a range of pharmaceutical products in the Kingdom and the Gulf Cooperation Council countries, in collaboration with global partners in the pharmaceutical manufacturing industry. Suez International Nitrate Company in the Arab Republic of Egypt produces ammonium nitrate with an annual production capacity of 85,000 t. Chemical Commercial Investment Company Limited is engaged in the wholesale and retail trade of pharmaceuticals, medical supplies, and medical equipment. Saudi Chemical Company also has a 50 percent stake in a sixth company, Care Supply Chains Logistics Services Company Limited, which specializes in transportation, loading and unloading, storage, and distribution.
Establishment of the Saudi Chemical Holding Company
Saudi Chemical Company began its operations in the field of civil explosives manufacturing and owns three factories located in Riyadh, Jeddah, and the Eastern Province. It also has distribution warehouses in Abha, in the southern region. The company supplies the local market with essential materials and support for all civil blasting operations, in addition to exporting to all Gulf and Arab countries as well as friendly nations. The company produces the following materials: Perilex, Chemo, Lex, and Sanil capsules. These products have received the ISO 9000/2000 international quality certification. The company has actively participated in most infrastructure projects carried out in the Kingdom, such as roads, airports, bridges, tunnels, mining projects, quarries, trenches, terraces, land leveling, building demolitions, and water wells. The company is also active in the military sector, having established a specialized industrial base in these fields. The company acquired 99 percent of the shares of Saudi International Trading Company Limited (SITCO), which is one of the major pharmaceutical and medical solution trading companies, to expand its activities and diversify its services.
Saudi Chemical Holding Company's activities
The activities of Saudi Chemical Holding Company can be summarized into three main roles: Manufacturing explosives for civil purposes. Manufacturing explosives for military purposes. In addition, it acts as an agent for several pharmaceutical, medical solution, and medical product trading companies.
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