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Neft Alsharq Co. for Chemical Industries Announces the Signing of an Exclusive Agency Agreement for German “Divinol” Lubricants in the Kingdom of Saudi Arabia and the Syrian Arab Republic
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| Announcement Detail | Neft Alsharq Co. for Chemical Industries announces the signing of an exclusive agency agreement on Thursday, 12-02-2026, with Zeller+Gmelin GmbH & Co. KG, Germany, pursuant to which Neft Alsharq Co. for Chemical Industries has been appointed as the exclusive agent for lubricants under the (Divinol) brand in both the Kingdom of Saudi Arabia and the Syrian Arab Republic. Zeller+Gmelin is a globally recognized company specializing in the development and manufacture of specialty lubricants. Founded in 1866, the company has more than 150 years of experience and a distinguished industrial heritage in delivering advanced, high-quality solutions serving various industrial and commercial sectors worldwide. This agreement aligns with Neft Alsharq Co. for Chemical Industries’ strategy to strengthen its product portfolio and expand its business scope by representing reputable international brands, supporting the company’s growth, enhancing its competitive position, and expanding its presence in regional markets. The agreement is expected to contribute positively to the company’s revenue growth and diversification of income sources in the coming periods, in line with the company’s expansion plans and its efforts to strengthen strategic partnerships. The company confirms that there are no related parties involved in this agreement. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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