{"id":11507,"date":"2026-02-04T05:26:42","date_gmt":"2026-02-04T10:26:42","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=11507"},"modified":"2026-02-04T05:26:42","modified_gmt":"2026-02-04T10:26:42","slug":"saudi-printing-and-packaging-to-close-uae-subsidiary","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=11507","title":{"rendered":"Saudi Printing and Packaging to close UAE subsidiary\u00a0\u00a0"},"content":{"rendered":"


\n<\/p>\n

\n
\n
\n \n <\/picture>
The decision is aimed at reallocating resources towards value-added packaging sectors. Credit: Simplylove \/ Shutterstock.com. <\/figcaption><\/figure>\n<\/p><\/div>\n

Saudi Printing and Packaging Co (SPPC) is discontinuing operations of its fully owned subsidiary, Al Madinah Packaging Co (City Pack), in the UAE.<\/p>\n

The company\u2019s board approved the closure as part of SPPC\u2019s strategy to review and exit from non-core assets, according to a statement issued to Tadawul.<\/p>\n

\n
\n
\"\"\/<\/figure>\n

Discover B2B Marketing That Performs <\/h4>\n

\n\t\t\t\t\t\tCombine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.\n\t\t\t\t\t<\/p>\n


\n\t\t\t\t\t\t\tFind out more <\/svg><\/span><\/a><\/p>\n<\/section>\n<\/div>\n

The decision is aimed at reallocating resources towards higher-growth and value-added packaging sectors within SPPC\u2019s key target markets.<\/p>\n

SPPC noted that ending City Pack\u2019s activities is expected to contribute to its debt restructuring efforts and liquidity management by addressing losses from underperforming operations.<\/p>\n

The company stated that the decision is aimed at sustainable value creation for shareholders and improving the group\u2019s overall performance.<\/p>\n

SPPC will assess any consequences from the shutdown and provide updates regarding significant developments or financial effects as they arise.<\/p>\n

City Pack operates under Emirates National Factory for Plastic Industries, which holds Dh10m ($2.7m) in capital.<\/p>\n

In August 2025, SPPC initiated a new strategic direction focusing on operational efficiency, organisational restructuring, product development, and expansion in core markets such as Saudi Arabia and the Gulf region.<\/p>\n

The strategy comprises five pillars: improving packaging product efficiency, divesting from non-essential sectors, pursuing growth in target markets, streamlining structure for efficiency gains, and completing a debt-restructuring programme to reduce financing costs.<\/p>\n

Last year, SPPC entered a financing agreement with one of its major shareholders, Saudi Research and Media Group, for SR75m ($19.9m), with a maturity at the end of December 2028.<\/p>\n

<\/p>\n

<\/p>\n

\n