A polyethylene composition, in particular suitable for the preparation of films, and a process for preparing the same are described. The polyethylene composition of the invention comprises from 50 to 89% by weight of a first polyethylene component comprising at least one multimodal polyethylene including a plurality of ethylene polymer fractions having distinct molecular weights and comonomer contents, at least one of said plurality of ethylene polymer fractions being prepared by the use of a single site catalyst, and from 50 to 11% by weight of a second polyethylene component comprising a low or medium density polyethylene.