nupco signs SAR 2.5B agreements to finance healthcare supply chains

Logo of National Unified Procurement Co. (nupco)

National Unified Procurement Co. (nupco), which is fully owned by the Public Investment Fund (PIF), signed four memorandums of understanding (MoU) at a total of SAR 2.5 billion to finance supply chains and support suppliers in the healthcare sector.

The MoUs were signed at the PIF Private Sector Forum.

Al-Eqtisadiah reported that nupco signed other six MoUs to enhance the supply of medicines and medical devices across Saudi Arabia. nupco also signing four MoUs aimed at expanding supplier financing options, improving cash flow, and enhancing the flexibility of healthcare supply chains. Additionally, it signed an MoU with the Furas platform to facilitate suppliers' access to investment opportunities.

The company further clarified that it signed a SAR 500 million agreement with Banque Saudi Fransi (BSF) to support supply chain financing for nupco suppliers. It also entered into a SAR 1 billion agreement with First Abu Dhabi Bank (Saudi branch) to provide instant financing for suppliers at competitive rates, along with another SAR 1 billion agreement with Tameed to enhance financing solutions for small and medium-sized enterprise (SME) suppliers.

Additionally, the company signed six agreements with specialized companies in logistics, infrastructure, and business development to ensure smooth and flexible logistics operations and distribution networks across the entire supply chain. These agreements include MoUs with Aramex, SMSA, DHL, and UPS to enhance cooperation in last-mile delivery services and ensure timely delivery of medicines and medical devices to patients across Saudi Arabia.

nupco was established in 2009. It is a reliable source of medical supply services and logistical services in Saudi Arabia.