Saudi Printing and Packaging to close UAE subsidiary

Saudi Printing and Packaging Co (SPPC) is discontinuing operations of its afloat owned subsidiary, Al Madinah Packaging Co (City Pack), successful the UAE.

The company’s committee approved the closure arsenic portion of SPPC’s strategy to reappraisal and exit from non-core assets, according to a connection issued to Tadawul.

The determination is aimed astatine reallocating resources towards higher-growth and value-added packaging sectors wrong SPPC’s cardinal people markets.

SPPC noted that ending City Pack’s activities is expected to lend to its indebtedness restructuring efforts and liquidity absorption by addressing losses from underperforming operations.

The institution stated that the determination is aimed astatine sustainable worth instauration for shareholders and improving the group’s wide performance.

SPPC volition measure immoderate consequences from the shutdown and supply updates regarding important developments oregon fiscal effects arsenic they arise.

City Pack operates nether Emirates National Factory for Plastic Industries, which holds Dh10m ($2.7m) successful capital.

In August 2025, SPPC initiated a caller strategical absorption focusing connected operational efficiency, organisational restructuring, merchandise development, and enlargement successful halfway markets specified arsenic Saudi Arabia and the Gulf region.

The strategy comprises 5 pillars: improving packaging merchandise efficiency, divesting from non-essential sectors, pursuing maturation successful people markets, streamlining operation for ratio gains, and completing a debt-restructuring programme to trim financing costs.

Last year, SPPC entered a financing statement with 1 of its large shareholders, Saudi Research and Media Group, for SR75m ($19.9m), with a maturity astatine the extremity of December 2028.

"Saudi Printing and Packaging to adjacent UAE subsidiary " was primitively created and published by Packaging Gateway, a GlobalData owned brand.

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