Linde Healthcare, a global leader in healthcare sector, and Khaled Juffali Company (KJC), a leading Saudi investment company, have signed an agreement to set up a joint venture in Saudi Arabia.

The joint venture will be operated through a limited liability company under the name of Linde KJC Healthcare and will provide innovative care programmes for long-term ventilated patients in their own hospitals and clinics under Linde trademark Remeo.

The venture also plans to provide homecare services for chronically ill patients and other healthcare related services.

Wolfgang Buechele, CEO of Linde AG, and Sheikh Khaled Juffali, chairman of KJC, signed a shareholders agreement at The Linde Group’s Head Office in Munich.

The event was also attended by board members and responsible managers including Dr Aldo Belloni, member of the executive board of Linde AG and responsible for EMEA reagion,  Tom Blades, member of the executive board of Linde AG and responsible for Linde Healthcare worldwide, and Ali Hamdani, head of Linde Healthcare, Middle East.

“By signing this agreement, Linde extends its commitment to Saudi Arabia in the area of healthcare," stated Hamdani. He also expressed his enthusiasm at the opportunities this venture offered and emphasised on Linde's commitment towards providing the best-in-class services to the people of Saudi Arabia.

Linde Healthcare combines pharmaceutical gases, medical devices, services and clinical care into purposeful solutions for patients and healthcare professionals throughout the care continuum from hospital to home, a statement said.

The company is present in over 60 countries and generated revenue of EUR 3.015 billion in 2013.

Its product and service offering encompasses a wide range of product-oriented services such as gas supply and gas therapies, sleep and pain therapies, and patient-centred services.  – TradeArabia News Service