Amid growing demands for energy security and industrial self-sufficiency, the significance of resource control and manufacturing capabilities cannot be overstressed, particularly in the current global geopolitical climate. In the U.S.--one of the largest consumers of explosives for industrial applicationsthe industry contributes over $19 billion annually to its economy as per IME 2023 data. For a fast-growing explosive ammunition market like Saudi Arabia, the Saudi Chemical Company Holding (SCCH) has been central to the kingdom's growth for 52 years.
Established in 1972 and initially focused on explosives, SCCH expanded into the healthcare sector in 2000. By 2001, it was listed on Tadawul, and it has since developed into a conglomerate comprising six subsidiaries, five in Saudi and one in Egypt.
In the explosives sector, SCCH has Saudi Chemical Company Ltd. (SCCL), which has been manufacturing and distributing explosives for civil and military uses since 1972, and the Suez International Nitrate Company (SINCO), an Egyptian joint-stock company established in 2006. In the healthcare sector, it has AJA Pharmaceutical Industries Ltd. (AJA Pharma), which leads pharmaceutical manufacturing and commercialization, while the Saudi International Trading Company Ltd. (SITCO Pharma), the Chemical Company for Commercial Investment Ltd. (CCCI), and Care Supply Chain for Logistic Services Co. Ltd. (CSC) handle distribution, marketing, and logistics services. SCCH's market value stood at $2.08 billion as of May 2024.
This story is from the June 2024 edition of Forbes Middle East - English.
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This story is from the June 2024 edition of Forbes Middle East - English.
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