Logo of Saudi Industrial Development Co. (SIDC)
Saudi Industrial Development Co.’s (SIDC) subsidiary, Emdad Logistics, signed, on July 1, two contracts for transportation, handling, and storage services, according to a Tadawul statement.
The first contract was signed with Global Marketing Co. for Sleeping Systems (Sleep High), while the second was finalized with SIDC Ceramic Factory (CASAVIA), subsidiaries of the company.
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The expected annual contract value for Sleep High is SAR 13.84 million, while CASAVIA’s estimated yearly contract value is SAR 700,140.
The contracts cover transportation, handling, and storage services for Sleep High and CASAVIA products based on the number of trips executed, volume of products handled, and storage space leased, in line with prevailing commercial prices and terms.
The contractual term is three years starting July 1, 2025, until June 30, 2028, the statement said, noting that the financial impact will be reflected from Q3 2025 results, subject to the volume of operational transactions between the contracted companies.
The deals include related parties, including Emdad Logistics and some members of the board, namely Ahmed AlKanhal, Ibrahim AlHomaidhi, and Bandar AlHomaidhi.
The contract was signed based on the license granted by the 39th ordinary general assembly (OGM) held on June 29, 2025, the statement said.
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