Saudi Printing & Packaging

Saudi Printing & Packaging sells UAE plastic cup and container lines

Saudi Printing & Packaging (SPP) has agreed to sell its polypropylene cup and plastic container production lines in the UAE to Al Aamal Al Dhahabiya General Trading for SR1.12m (USD 297,583). The lines, operated through subsidiary Commercial United Packaging Company (CUPCO), carried a book value of SR6.1m at 30 September 2026, implying a non-cash loss of roughly SR5m. The sale follows SPP's February decision to shut down its other UAE subsidiary, Al Madinah Packaging Co (City Pack).

Why this mattersThe disposal shows a mid-sized regional converter retreating from lower-margin single-use plastics to cut debt and refocus on higher-margin segments.

• Deal price SR1.12m (USD 297,583)
• Buyer is Al Aamal Al Dhahabiya General Trading
• Lines held book value of SR6.1m as of 30 September 2026
• Expected non-cash loss of approximately SR5m on completion
• Lines were operated by CUPCO, owned via Emirates National Factory for Plastic Industries
• In February SPP began shutting down UAE subsidiary Al Madinah Packaging Co (City Pack)

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