RATIO inks MoU with Silk Solutions to develop coffee sector

Logo  of Ratio Speciality Company for Trading

Ratio Speciality Company for Trading (RATIO) signed a Memorandum of Understanding with Silk Solutions Co., the owner of the ‘fina’ brand, which has allocated SAR 100 million for the purpose of developing and advancing the coffee sector in Saudi Arabia, expanding market and commercial opportunities, and strengthening customer base growth in a manner that achieves maximum benefit for both parties and the community.

This partnership comes as part of Ratio’s commitment to business development and the establishment of strategic partnerships to enable commercial operations and enhance the efficiency of the supply chain sector, as well as to strengthen cooperation between both parties in a manner that enables enterprises to benefit from innovative financial and technological solutions that contribute to improving quality and accelerating the growth and development of commercial activities, according to a statement to Tadawul.

The MoU term is 12 months from the date of signing, said the company, adding that there are no related parties involved.

This partnership also aims to support clients’ expansion plans and develop the existing operational infrastructure, while providing technical and operational support to ensure the success and sustainability of such expansion, the company said.

This confirms RATIO’s vision to enhance the growth of the coffee sector by providing advanced financial and technological solutions and supporting local enterprises to become capable of competing in a rapidly growing market within the Kingdom, it added.