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UL Solutions and Aramco Plan to Collaborate on Joint Projects to Help Enhance Safety in Saudi Arabia

1. UL Solutions partners with Aramco to enhance safety and support Vision 2030. 2. The collaboration aims to advance safety solutions within Saudi Arabia's economic transformation.

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FAQ

Why Bullish?

This collaboration aligns ULS with significant growth opportunities in Saudi Arabia, similar to past partnerships boosting firm valuations.

How important is it?

The partnership with a key player like Aramco signifies strategic growth, enhancing ULS's market position and future revenues.

Why Long Term?

The impact of this MoU will take time to materialize as projects align with Vision 2030’s timeline.

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ARMCO
NORTHBROOK, Ill.--(BUSINESS WIRE)--UL Solutions (NYSE: ULS), a global leader in applied safety science, today announced its collaboration with Aramco, one of the world's leading integrated energy and chemicals companies, to explore opportunities to enhance safety through Aramco's In-Kingdom Total Value Add (IKTVA) goals, which support Saudi Arabia's Vision 2030 economic transformation plan. The memorandum of understanding (MoU) between UL Solutions and Aramco, signed during the International Fi.

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