‎APICO signs deal to acquire factory site in Jeddah for SAR 28M

‎<p><img src="https://argaamplus.s3.amazonaws.com/b44f2447-9f68-44f7-9dae-f3d8c33afc58.png" ></p> <p class="ckeCaption" >The transaction includes existing buildings and leases with MODON: APICO</p> <hr> <p >Arabian Plastic Industrial Co. (<a href="https://www.argaam.com/en/tadawul/nomu/apico" target="_blank">APICO</a>) signed an agreement with Valle Al-Mestakbel Co. to acquire a 44,600-sqm existing factory site in the Third Industrial City, Jeddah.</p> <p ></p> <p >The transaction worth SAR 28 million includes the existing buildings and lease agreements with the Saudi Authority for Industrial Cities and Technology Zones (MODON).</p> <p ></p> <p >The company said in a statement on <strong>Tadawul </strong>that the transaction involves acquiring the site, including the existing buildings and facilities, as well as the assignment of the related lease agreements with MODON. The site will be used as part of the company’s expansion plans and to increase its production capacity.</p> <p ></p> <p >The transaction will be financed through previously secured bank facilities, the company said, noting that it is subject to MODON’s approval and the fulfillment of all conditions stipulated in the purchase and assignment agreement.</p> <p ></p> <p >APICO said the transaction is in line with its strategic expansion plans and efforts to increase production capacity, adding that it is expected to have a positive impact on expanding the company’s market share in the coming years.</p> <p ></p> <p >The company will announce any material developments related to the transaction as they become available.</p>

Publication

Argaam - Company Disclosures · Stock Exchange/Regulatory Announcements

Published

1st September 2026

Original report

argaam.com

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