{"id":94517,"date":"2025-02-18T00:00:00","date_gmt":"2025-02-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/18\/nupco-inks-sar-2-5-bn-financing-agreements-supply-chain-mous\/"},"modified":"2025-02-18T00:00:00","modified_gmt":"2025-02-18T00:00:00","slug":"nupco-inks-sar-2-5-bn-financing-agreements-supply-chain-mous","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/18\/nupco-inks-sar-2-5-bn-financing-agreements-supply-chain-mous\/","title":{"rendered":"Nupco inks SAR 2.5 bn financing agreements + supply chain MoUs"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Nupco signs SAR 2.5 bn financing agreements:<\/strong> The National Unified Procurement Company (Nupco), PIF\u2019s procurement arm, signed four MoUs worth SAR 2.5 bn to strengthen healthcare supply chains and improve medicine availability across the Kingdom, according to its <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/nupco-national-unified-procurement-medical-supplies-company-_%D9%85%D8%B0%D9%83%D8%B1%D8%A7%D8%AA-%D8%AA%D9%81%D8%A7%D9%87%D9%85-activity-7296869896892694528-apdV?utm_source=share&utm_medium=member_desktop&rcm=ACoAAD8II5EBnjT9C2vTwVGKNCUIfH3je67Sz-A\" style=\"\" rel=\"noopener\">post on Linkedin<\/a>. The agreements \u2014 signed on the sidelines of the PIF\u2019s Private Sector Forum \u2014 aim to expand financing options and improve cashflow for suppliers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">FINANCING SUPPLIERS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown: <\/strong>The company signed a SAR 1 bn agreement with crowd lending platform <a target=\"_blank\" href=\"https:\/\/www.ta3meed.com\/en\" style=\"\" rel=\"noopener\">Tameed<\/a> to offer advanced financing options for SME suppliers, as well as a SAR 1 bn agreement with First Abu Dhabi Bank\u2019s Saudi branch to provide suppliers with immediate financing at \u201ccompetitive rates\u201d. A SAR 500 mn agreement was also signed with Banque Saudi Fransi to provide financing for Nupco\u2019s suppliers. No further details were disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Nupco also signed a partnership agreement with <\/strong><strong><a target=\"_blank\" href=\"https:\/\/furas.momah.gov.sa\/en\" style=\"\" rel=\"noopener\">Saudi Cities Investment Gate (Furas)<\/a><\/strong> to facilitate suppliers' access to potential investments. No details were provided on the value of the agreement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">STREAMLINING SUPPLY CHAINS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Nupco also inked six MoUs <\/strong>with Aramex, Smsa, DHL and UPS, among others, to streamline supply chain operations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Boosting last-mile services: <\/strong>Nupco inked an MoU with UAE-based freight forwarding and logistics outfit Aramex and another MoU with Smsa to collaborate on last-mile delivery by facilitating direct delivery of meds and specialized devices to patients, according to statements <a target=\"_blank\" href=\"https:\/\/x.com\/nupco\/status\/1889979604083024099\" style=\"\" rel=\"noopener\">here<\/a> and <a target=\"_blank\" href=\"https:\/\/x.com\/nupco\/status\/1889994331911795012\" style=\"\" rel=\"noopener\">here<\/a>. The firm also inked MoUs with international freight forwarding giants DHL and UPS to expand last-mile delivery and streamline supply chains of pharma products, according to a <a target=\"_blank\" href=\"https:\/\/x.com\/nupco\/status\/1889935310349541799\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Enhancing SME access to med supplies:<\/strong> The company also inked a cooperation agreement with the Kingdom\u2019s Small and Medium Enterprises (SME) General Authority (Monsha\u2019at) to boost the movement and delivery of medical supplies, according to a <a target=\"_blank\" href=\"https:\/\/x.com\/nupco\/status\/1889757710855315612\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Boosting medical logistics across zones with Modon:<\/strong> It also signed an MoU with Saudi Arabia\u2019s Authority for Industrial Cities and Technology Zones (Modon) to establish logistics and industrial projects in the Kingdom. The pair is also looking to expand local participation in healthcare supply chains, according to a <a target=\"_blank\" href=\"https:\/\/x.com\/modon_ksa\/status\/1890008652108734964\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The agreements aim to strengthen healthcare supply chains and improve medicine availability across the Kingdom.<\/p>\n","protected":false},"author":1,"featured_media":94518,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2640],"tags":[2441,10,238,1991,945],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-94517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-logistics","tag-debt","tag-enterpriseam-ksa","tag-logistics","tag-national-unified-procurement-company-nupco","tag-supply-chains","wpautop","entry"],"acf":{"mongo_id":"5ec8bdf5-8b01-46e5-966a-e2e7ef8fc52d","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/1765.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Nupco inks SAR 2.5 bn financing agreements + supply chain MoUs","related_issue":[94505],"teaser":"The agreements aim to strengthen healthcare supply chains and improve medicine availability across the Kingdom.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.6dd0e92d-221b-469c-90a7-730b29db81cc.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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