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Saudi Chemical Co.

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Namestring
Saudi Chemical Co.
Legal namestring
Saudi Chemical Company Holding
Company typeenum
Public
Founded yearint
1970
Descriptiontext

Saudi Chemical Company Holding is a publicly listed Saudi Arabian industrial investment holding company (Tadawul: 2230), founded in 1970, with a stated capital of SAR 843.2 million and operations across chemical manufacturing and pharmaceutical distribution. The group comprises five wholly-owned subsidiaries organized into two core verticals: (1) explosives — Saudi Chemical Company Limited operates as the leading domestic manufacturer of civil and military explosives, running three strategically located factories in Riyadh, Jeddah, and the Northern Borders Area, supported by multiple distribution sites across the Kingdom; and (2) pharmaceuticals — Sitco Pharma operates one of the largest pharmaceutical distribution networks in Saudi Arabia (including cold-chain distribution of vaccines, insulin, and hormones), AJA Pharma manufactures and markets pharmaceutical products in partnership with global pharma leaders for the Saudi and GCC markets, and CCCI handles wholesale and retail trade of medicines and medical equipment.

The group is vertically integrated upstream through Suez International Nitrate Company (SINCO), an Egypt-based wholly-owned subsidiary producing Ammonium Nitrates at a capacity of 85,000 metric tons per year to secure raw material supply for the explosives business. Revenue streams span explosives supply (government defense, mining, and infrastructure buyers), pharmaceutical distribution (hospitals, pharmacies, and health institutions), pharmaceutical manufacturing (GCC market), ammonium nitrate production (export-eligible), and medical equipment wholesale. No customer logos or pricing models are publicly disclosed. The company is actively executing growth initiatives aligned with Saudi Arabia's Vision 2030, including a SAR 56.5 million Jeddah warehouse project (contracted July 2026) and a EUR 4 million localization partnership with Bosnia's TRB. The workforce is reported at 501-1,000 employees.

Financially, the group has expanded revenue from approximately $3.70B in 2022 to $6.88B in 2025 (cumulative growth of ~86%, ~23% CAGR), with net income rising from ~$80M to ~$335M (SAR-denominated per source) and EBITDA from ~$217M to ~$552M over the same period. Gross margin has remained in the 12-14% band, with margin expansion driven by operating leverage as scale grew. No AI/ML capabilities, patents, awards, or named leadership bios are disclosed in the source material.

Short descriptiontext

Saudi Chemical Company Holding is a publicly listed Saudi industrial investment company operating five subsidiaries in civil/military explosives manufacturing, pharmaceutical distribution and manufacturing, ammonium nitrate production, and medical equipment trading, primarily serving Saudi government, healthcare, and GCC markets.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersAl Malaz, Saudi Arabia
HQ citystring
Al Malaz
HQ countrystring
Saudi Arabia
HQ regionstring
Middle East
Markets served

Serves global market

Offices5 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
civil explosives manufacturing, military explosives production, pharmaceutical distribution, ammonium nitrate production, pharmaceutical manufacturing
Industry4 codes
1Military-Grade Explosives & Energetic Materials
CodeIMAEALAEPrimaryYes
2Oxidizers & Organic Peroxides Storage (Class 5)
CodeTLALAHACPrimaryNo
3Specialty Pharmaceutical Distributors
CodeHLAIAJABPrimaryNo
4Controlled Substances & Compliance-Focused Pharmaceutical Distributors
CodeHLAIAJANPrimaryNo
NAICS code5 codes
  • Explosives Manufacturing32592
  • Explosives Manufacturing325920
  • Basic Chemical Manufacturing3251
  • Pharmaceutical and Medicine Manufacturing32541
  • Drugs and Druggists' Sundries Merchant Wholesalers424210
SIC code4 codes
  • Chemicals & Allied Products2800
  • Industrial Inorganic Chemicals2810
  • Pharmaceutical Preparations2834
  • Wholesale-Drugs, Proprietaries & Druggists' Sundries5122
Product category
Industrial Chemicals and Explosives Manufacturing
Revenue model5 records
1Chemical Manufacturing (Civil and Military Explosives)
TypeOne Time License
Description

Manufacturing and distribution of civil and military explosives through three factories and multiple distribution sites across the Kingdom, supplying both local and international markets.

saudichemical.com
2Pharmaceutical Distribution (Sitco Pharma)
TypeTransaction Fee
Description

Distribution of pharmaceutical products across Saudi Arabia, including cold-chain distribution of vaccines and temperature-sensitive medicines (insulin, hormones) through a nationwide distribution network.

saudichemical.com
3Pharmaceutical Manufacturing (AJA Pharma)
TypeOne Time License
Description

Manufacturing and marketing of pharmaceutical products in Saudi Arabia and the GCC in partnership with global pharmaceutical partners.

saudichemical.com
4Ammonium Nitrate Production (SINCO, Egypt)
TypeOne Time License
Description

Production of Ammonium Nitrates at Suez International Nitrate Company in Egypt with 85,000 metric tons per year capacity, supporting vertical supply chain integration.

saudichemical.com
5Medical Equipment Wholesale/Retail (CCCI)
TypeTransaction Fee
Description

Wholesale and retail trade of medicines, medical materials, and medical equipment.

saudichemical.com
Marketing channels1 record

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 4 records shown
1Sitco Pharma
Description

Saudi International Trading Company focused on pharmaceutical product distribution in Saudi Arabia, one of the largest pharmaceutical distributors and national distributors of chilled vaccines and medicines.

saudichemical.com
+3 more records
Core offering1 text field

Saudi Chemical Company Holding is a Saudi-based investment holding company operating five subsidiaries: it manufactures civil and military explosives through three factories in Riyadh, Jeddah, and the Northern Borders Area; distributes pharmaceutical products (including cold-chain vaccines and temperature-sensitive medicines) across Saudi Arabia via Sitco Pharma; manufactures pharmaceutical products in the GCC through AJA Pharma; produces Ammonium Nitrate (85,000 metric tons per year capacity) at SINCO in Egypt; and trades medicines, medical materials, and equipment through CCCI.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Saudi Chemical Company Holding operates as a diversified industrial investment company with a capital of SAR 843.2 million, managing five subsidiary companies across chemical and pharmaceutical sectors. The portfolio includes: Saudi Chemical Company Limited (core explosives manufacturing with three factories), Sitco Pharma (pharmaceutical distribution across Saudi Arabia), AJA Pharma (pharmaceutical manufacturing in Saudi Arabia and GCC), SINCO (Ammonium Nitrate production in Egypt with 85,000 metric tons/year capacity), and CCCI (wholesale/retail of medical supplies). The company follows vertical growth strategies to secure raw materials and diversify investments across trading, manufacturing, and distribution.

Product and service5 records
1Saudi Chemical Company Limited (Civil and Military Explosives)
CategoryExplosives Manufacturing
Description

Leading Saudi manufacturer of civil and military explosives supplying construction, mining, infrastructure, and defense customers in Saudi Arabia and international markets through three factories and a nationwide distribution network.

2Sitco Pharma (Saudi International Trading Company)
CategoryPharmaceutical Distribution
Description

Pharmaceutical distribution services across all regions of Saudi Arabia, including specialized cold-chain distribution of vaccines, insulin, and hormone products requiring special storage and transportation conditions for healthcare institutions, pharmacies, and health authorities.

3AJA Pharma
CategoryPharmaceutical Manufacturing
Description

Manufacturing and marketing of a wide range of pharmaceutical products in Saudi Arabia and the GCC in accordance with the latest manufacturing practices, in cooperation with leading global pharmaceutical partners.

4SINCO (Suez International Nitrate Company) Ammonium Nitrate
CategoryIndustrial Chemicals Production
Description

Production of Ammonium Nitrate at 85,000 metric tons per year capacity in Suez, Egypt, supplying raw material for explosives manufacturing within the group and serving international export markets.

5CCCI (Chemical Commercial Investment Company Ltd.)
CategoryMedical Supplies Trading
Description

Wholesale and retail trade of medicines, medical materials, and medical equipment in Saudi Arabia.

Scale indicator7 records

Each record includes

Type, Value, Description, Source

Partnership3 partners
1Rafic A. Kreidie Contracting
Strategic tierMinorTypeImplementation/ SI/ Consulting PartnerAnnounced on2026-07-28
Description

Saudi Chemical awarded the construction and civil works contract for a new warehouse project in Jeddah to Rafic A. Kreidie Contracting. The project is part of Saudi Arabia's Vision 2030 goals to diversify its economy and strengthen its industrial base.

ainvest.com
2Dr. Mohamed Al-Amri & Co.
Strategic tierMinorTypeOthersAnnounced on2026-06-15
Description

Dr. Mohamed Al-Amri & Co. was appointed as auditor for the company through 2028, with ratified ongoing transactions valued at approximately SAR 7 million annually through February 2028.

sahmcapital.com
Strategic tierCoreTypeStrategic or Co-development Partner
Description

Saudi Chemical Co. reported an ongoing EUR 4 million localization deal with Bosnia's TRB. This international partnership supports technology transfer and local manufacturing capabilities.

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Market position
Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Subsidiaries5 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Saudi Chemical Co.

Industrial Chemicals and Explosives Manufacturingsaudichemical.com

Saudi Chemical Company Holding is a publicly listed Saudi industrial investment company operating five subsidiaries in civil/military explosives manufacturing, pharmaceutical distribution and manufacturing, ammonium nitrate production, and medical equipment trading, primarily serving Saudi government, healthcare, and GCC markets.

What Saudi Chemical Co. does

Saudi Chemical Company Holding is a publicly listed Saudi Arabian industrial investment holding company (Tadawul: 2230), founded in 1970, with a stated capital of SAR 843.2 million and operations across chemical manufacturing and pharmaceutical distribution. The group comprises five wholly-owned subsidiaries organized into two core verticals: (1) explosives — Saudi Chemical Company Limited operates as the leading domestic manufacturer of civil and military explosives, running three strategically located factories in Riyadh, Jeddah, and the Northern Borders Area, supported by multiple distribution sites across the Kingdom; and (2) pharmaceuticals — Sitco Pharma operates one of the largest pharmaceutical distribution networks in Saudi Arabia (including cold-chain distribution of vaccines, insulin, and hormones), AJA Pharma manufactures and markets pharmaceutical products in partnership with global pharma leaders for the Saudi and GCC markets, and CCCI handles wholesale and retail trade of medicines and medical equipment.

The group is vertically integrated upstream through Suez International Nitrate Company (SINCO), an Egypt-based wholly-owned subsidiary producing Ammonium Nitrates at a capacity of 85,000 metric tons per year to secure raw material supply for the explosives business. Revenue streams span explosives supply (government defense, mining, and infrastructure buyers), pharmaceutical distribution (hospitals, pharmacies, and health institutions), pharmaceutical manufacturing (GCC market), ammonium nitrate production (export-eligible), and medical equipment wholesale. No customer logos or pricing models are publicly disclosed. The company is actively executing growth initiatives aligned with Saudi Arabia's Vision 2030, including a SAR 56.5 million Jeddah warehouse project (contracted July 2026) and a EUR 4 million localization partnership with Bosnia's TRB. The workforce is reported at 501-1,000 employees.

Financially, the group has expanded revenue from approximately $3.70B in 2022 to $6.88B in 2025 (cumulative growth of ~86%, ~23% CAGR), with net income rising from ~$80M to ~$335M (SAR-denominated per source) and EBITDA from ~$217M to ~$552M over the same period. Gross margin has remained in the 12-14% band, with margin expansion driven by operating leverage as scale grew. No AI/ML capabilities, patents, awards, or named leadership bios are disclosed in the source material.

Saudi Chemical Co. firmographics

Firmographics
Name
Saudi Chemical Co.
Legal name
Saudi Chemical Company Holding
Website
https://saudichemical.com
Company type
Public
Founded year
1970
Operating status
Operating
Headcount range
501–1,000 employees
Short description
Saudi Chemical Company Holding is a publicly listed Saudi industrial investment company operating five subsidiaries in civil/military explosives manufacturing, pharmaceutical distribution and manufacturing, ammonium nitrate production, and medical equipment trading, primarily serving Saudi government, healthcare, and GCC markets.
Ownership category
akta.pro rank

Saudi Chemical Co. industry classification

Industry
Product category
Industrial Chemicals and Explosives Manufacturing
NAICS
Explosives Manufacturing (32592), Explosives Manufacturing (325920), Basic Chemical Manufacturing (3251), Pharmaceutical and Medicine Manufacturing (32541), Drugs and Druggists' Sundries Merchant Wholesalers (424210)
SIC
Chemicals & Allied Products (2800), Industrial Inorganic Chemicals (2810), Pharmaceutical Preparations (2834), Wholesale-Drugs, Proprietaries & Druggists' Sundries (5122)
akta.pro primary industry
Military-Grade Explosives & Energetic Materials (IMAEALAE)
akta.pro secondary industries
Oxidizers & Organic Peroxides Storage (Class 5) (TLALAHAC), Specialty Pharmaceutical Distributors (HLAIAJAB), Controlled Substances & Compliance-Focused Pharmaceutical Distributors (HLAIAJAN)

Keywords

  • Civil explosives manufacturing
  • Military explosives production
  • Pharmaceutical distribution
  • Ammonium nitrate production
  • Pharmaceutical manufacturing

Where Saudi Chemical Co. is headquartered

Location

Headquarters

HQ city
Al Malaz
HQ country
Saudi Arabia
HQ region
Middle East

Offices5 records

Markets served

Saudi Chemical Co. business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

  1. Chemical Manufacturing (Civil and Military Explosives): Manufacturing and distribution of civil and military explosives through three factories and multiple distribution sites across the Kingdom, supplying both local and international markets.
  2. Pharmaceutical Distribution (Sitco Pharma): Distribution of pharmaceutical products across Saudi Arabia, including cold-chain distribution of vaccines and temperature-sensitive medicines (insulin, hormones) through a nationwide distribution network.
  3. Pharmaceutical Manufacturing (AJA Pharma): Manufacturing and marketing of pharmaceutical products in Saudi Arabia and the GCC in partnership with global pharmaceutical partners.
  4. Ammonium Nitrate Production (SINCO, Egypt): Production of Ammonium Nitrates at Suez International Nitrate Company in Egypt with 85,000 metric tons per year capacity, supporting vertical supply chain integration.
  5. Medical Equipment Wholesale/Retail (CCCI): Wholesale and retail trade of medicines, medical materials, and medical equipment.

Distribution channels3 records

Marketing channels1 record

Saudi Chemical Co. product offering

Product offering

Core offering

Saudi Chemical Company Holding is a Saudi-based investment holding company operating five subsidiaries: it manufactures civil and military explosives through three factories in Riyadh, Jeddah, and the Northern Borders Area; distributes pharmaceutical products (including cold-chain vaccines and temperature-sensitive medicines) across Saudi Arabia via Sitco Pharma; manufactures pharmaceutical products in the GCC through AJA Pharma; produces Ammonium Nitrate (85,000 metric tons per year capacity) at SINCO in Egypt; and trades medicines, medical materials, and equipment through CCCI.

Product overview

Saudi Chemical Company Holding operates as a diversified industrial investment company with a capital of SAR 843.2 million, managing five subsidiary companies across chemical and pharmaceutical sectors. The portfolio includes: Saudi Chemical Company Limited (core explosives manufacturing with three factories), Sitco Pharma (pharmaceutical distribution across Saudi Arabia), AJA Pharma (pharmaceutical manufacturing in Saudi Arabia and GCC), SINCO (Ammonium Nitrate production in Egypt with 85,000 metric tons/year capacity), and CCCI (wholesale/retail of medical supplies). The company follows vertical growth strategies to secure raw materials and diversify investments across trading, manufacturing, and distribution.

Differentiator

Problem solved

Functional benefit

Brands

  • Sitco Pharma: Saudi International Trading Company focused on pharmaceutical product distribution in Saudi Arabia, one of the largest pharmaceutical distributors and national distributors of chilled vaccines and medicines.
  • AJA Pharma
  • SINCO
  • CCCI

Products and services

  • Saudi Chemical Company Limited (Civil and Military Explosives) Leading Saudi manufacturer of civil and military explosives supplying construction, mining, infrastructure, and defense customers in Saudi Arabia and international markets through three factories and a nationwide distribution network.
  • Sitco Pharma (Saudi International Trading Company) Pharmaceutical distribution services across all regions of Saudi Arabia, including specialized cold-chain distribution of vaccines, insulin, and hormone products requiring special storage and transportation conditions for healthcare institutions, pharmacies, and health authorities.
  • AJA Pharma Manufacturing and marketing of a wide range of pharmaceutical products in Saudi Arabia and the GCC in accordance with the latest manufacturing practices, in cooperation with leading global pharmaceutical partners.
  • SINCO (Suez International Nitrate Company) Ammonium Nitrate Production of Ammonium Nitrate at 85,000 metric tons per year capacity in Suez, Egypt, supplying raw material for explosives manufacturing within the group and serving international export markets.
  • CCCI (Chemical Commercial Investment Company Ltd.) Wholesale and retail trade of medicines, medical materials, and medical equipment in Saudi Arabia.

Companies that use Saudi Chemical Co.

Customer profile

Segments3 records

Ideal customer profiles3 records

Saudi Chemical Co. technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Saudi Chemical Co. partnerships and signals

Strategic signal

Partnerships

Three partnerships are on record, tiered minor and core.

  • Rafic A. Kreidie ContractingminorImplementation/ SI/ Consulting Partner · 28 July 2026Saudi Chemical awarded the construction and civil works contract for a new warehouse project in Jeddah to Rafic A. Kreidie Contracting. The project is part of Saudi Arabia's Vision 2030 goals to diversify its economy and strengthen its industrial base.
  • Dr. Mohamed Al-Amri & Co.minorOthers · 15 June 2026Dr. Mohamed Al-Amri & Co. was appointed as auditor for the company through 2028, with ratified ongoing transactions valued at approximately SAR 7 million annually through February 2028.
  • TRB (Bosnia)coreStrategic or Co-development PartnerSaudi Chemical Co. reported an ongoing EUR 4 million localization deal with Bosnia's TRB. This international partnership supports technology transfer and local manufacturing capabilities.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Saudi Chemical Co. competitors and assessment

Company assessment

Market position

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Saudi Chemical Co. social profiles

Digital presence

Saudi Chemical Co. financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Saudi Chemical Co. leadership team

Management profile

Number of profiles

Saudi Chemical Co. subsidiaries and ownership

Company hierarchy

Subsidiaries5 records

Saudi Chemical Co. funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Saudi Chemical Co. M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Saudi Chemical Co.

What does Saudi Chemical Co. do?

Saudi Chemical Company Holding is a Saudi-based investment holding company operating five subsidiaries: it manufactures civil and military explosives through three factories in Riyadh, Jeddah, and the Northern Borders Area; distributes pharmaceutical products (including cold-chain vaccines and temperature-sensitive medicines) across Saudi Arabia via Sitco Pharma; manufactures pharmaceutical products in the GCC through AJA Pharma; produces Ammonium Nitrate (85,000 metric tons per year capacity) at SINCO in Egypt; and trades medicines, medical materials, and equipment through CCCI.

Is Saudi Chemical Co. a public or private company?

Saudi Chemical Co. is a public company. It is classified as public and is currently operating.

When was Saudi Chemical Co. founded?

Saudi Chemical Co. was founded in 1970. It employs 501 to 1,000 people.

Where is Saudi Chemical Co. based?

Saudi Chemical Co. is headquartered in Al Malaz, Saudi Arabia, in the Middle East region.

How does Saudi Chemical Co. make money?

Five revenue lines are on record. Chemical Manufacturing (Civil and Military Explosives) is the primary driver. The others are pharmaceutical Distribution (Sitco Pharma), pharmaceutical Manufacturing (AJA Pharma), ammonium Nitrate Production (SINCO, Egypt) and medical Equipment Wholesale/Retail (CCCI).

Does Saudi Chemical Co. have an API?

No public API is recorded for Saudi Chemical Co..

What industry is Saudi Chemical Co. in?

Saudi Chemical Co.'s product category is Industrial Chemicals and Explosives Manufacturing. Its primary akta.pro industry code is IMAEALAE, Military-Grade Explosives & Energetic Materials, with a secondary code of TLALAHAC, Oxidizers & Organic Peroxides Storage (Class 5). Its NAICS code is 32592 and its SIC code is 2800.

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Live signals
Simply Wall StWith EPS Growth And More, Saudi Chemical Holding (TADAWUL:2230) Makes An Interesting CaseSaudi Chemical Holding has grown its earnings per share by 56% annually over the past three years, with revenue increasing 7.9% to R7.0b. Insiders hold a stake worth R795m, aligning their interests with shareholders. The company's strong growth warrants close monitoring.AInvestSaudi Chemical - total value of project SAR 56.5 mlnSaudi Chemical announced a project with a total value of SAR 56.5 million. The event was reported in a news article on July 28, 2026.EIN PresswireAmmonium Nitrate Market Analysis: Key Competitors, Innovation Landscape, and Growth ProspectsThe ammonium nitrate market is moderately fragmented, with the top 10 players holding 26% of revenue in 2024. Orica Limited led global sales with a 5% share, and Dyno Nobel partnered with Saudi Chemical Company to build a 300,000 metric tons per annum TAN plant in Saudi Arabia.SahmcapitalAlbabtain (2320), Taleem REIT (4333), MIS (7200) at 52W Highs; Chemical (2230) Says Bosnia TRP Localization Deal in Works; U.S.–Iran Meet in SwitzerlandSaudi markets saw mixed activity on June 21, 2026, with TASI down 0.31% as investors monitored US-Iran negotiations held in Switzerland involving Iran, the US, Qatar, and Pakistan. Several Saudi-listed companies announced significant developments: Miahona Co. signed a SAR394 million public-private partnership to rehabilitate a water treatment plant in Uzbekistan's Jizzakh region over 25 years, while Tabuk Agricultural Development Co. applied for an 80.47% capital reduction to offset SAR315.24 million in losses. Additionally, Alkhorayef Water and Power Technologies Co. secured SAR202.1 million in stormwater network contracts with Jeddah Municipality, Saudi Chemical Co. reported ongoing work on a EUR4 million localization deal with Bosnia's TRB, and Arabian Centres Co. announced an 8.98% capital increase via bonus issue.ZawyaSaudi Chemical unit wins up to $198mln TNT supply agreement with NCMSSaudi Chemical Company Limited signed a five-year TNT supply agreement with NCMS valued at up to $198 million. The deal, signed May 14, 2026, is expected to boost financial results from Q4 2026, with actual operations starting after commercial operation.EnterpriseamAcwa Power, Luberef, MBC, and more report 1Q 2026 earningsAcwa Power, Luberef, MBC, Medgulf, Bawan, Al Hammadi, and SRMG reported 1Q 2026 earnings. Acwa's net income fell 19.3% to SAR 344.8 mn, while Luberef rose 16.5% to SAR 258 mn. MBC saw a 14.6% drop to SAR 198 mn, and Medgulf rebounded 84.6% to SAR 36.2 mn.