Stockzones and Distichain Join Forces to Launch Cutting-edge B2B Platform at Seamless 2023 in Riyadh 

The partnership is cemented through a Letter of Intent (LOI) signed by both parties during Seamless 2023 in Riyadh, the premier event for the payments, fintech, retail, and e-commerce sectors in the Middle East. The LOI outlines the commitment of Stockzones and Distichain to bring efficiency, transparency, and convenience to businesses to distribute their products within the region.

The collaboration will enable an automated B2B platform streamlining distribution across the region. This will create efficiency, end to end transparency, and facilitate access to an ecosystem of service providers streamlining workflows across the value chain.

Hussam Damen, CEO of Stockzones, expressed his enthusiasm for the collaboration, saying, “This partnership with Distichain aligns perfectly with our vision of enhancing the distribution landscape in the Middle East and supporting Saudi Vision 2030’s ambition to make Saudi Arabia the regional e-commerce hub.”

Haisam Jamal, CEO of Distichain, added, “We believe that our collaboration can add real value to suppliers looking to seamlessly operate across the Middle East. By embracing digitalization, this collaboration with Stockzones will empower businesses’ ability to grow”.

Both companies are looking to work together and launch the enhanced B2B capabilities later in 2023. This will deliver the transformative capabilities both the current and new members of the Stockzones community, positioning the company perfectly in line with the Saudi Vision 2030 initiative