PSA BDP, a provider of globally integrated and port-centric supply chain, transportation, and logistics solutions, has announced full ownership of all PSA BDP office locations in Saudi Arabia.
Initially established as a joint venture with Yusuf Bin Ahmed Kanoo Co. Ltd (Kanoo) in 2011, the operations will now operate as a 100% PSA BDP owned entity.
As a result of the successful 12-year partnership with Kanoo, PSA BDP established several offices in the region, beginning with BDP Kanoo International Co. Ltd in 2011 in Dammam, followed by Jubail in 2016, and Riyadh and Jeddah in 2018.
Additionally, the full ownership of BDP Kanoo International Co. Ltd was approved by the Saudi Minister of Commerce in Riyadh on 22 March, with new Articles of Association signed and a new Board of Directors appointed.
The new legal entity is BDP International Logistic Services Co. and will fall under the PSA BDP umbrella.
"Operating as a 100% PSA BDP owned entity will accelerate our exponential growth, help us to diversify our services and products, industry verticals, business model, and invest further in KSA," commented Fikret Ersoy, managing director of Middle East, Türkiye, Africa, PSA BDP.
