| Item | Description |
|---|---|
| Introduction | Future Vision for Health Training Company announces the signing of a memorandum with Integrated Bio (IB Ventures) on October 28, 2025 (06/05/1447 AH), aimed at enhancing strategic cooperation in the development and localization of biotechnology and medical technologies in the Kingdom of Saudi Arabia, in line with Saudi Vision 2030 objectives to support innovation, knowledge transfer, and expand the base of technology industries. |
| MoU Signing Date | 1447-05-06 (corresponding to 2025-10-28) |
| Signing Entity | Integrated Bio (IB Ventures) |
| Subject of the MoU | The MoU aims to establish a joint framework between both parties in several areas, including: • Enhancing cooperation in developing and localizing biotechnology and medical technologies.• Training Saudi entrepreneurs through specialized programs.• Supporting innovation and entrepreneurship in biotechnology and healthcare sectors.• Organizing joint events and programs to develop competencies and build an enabling environment for innovation. |
| Duration of the MoU | One year from the date of signing, renewable upon mutual agreement of both parties. |
| Related Parties | The company confirms that there are no related parties involved in this agreement. |
| Financial Impact | No material financial impact is expected during the term of this MoU. Any future developments or financial effects, if they occur, will be announced accordingly. |
