Saudi Printing & Packaging Co. said on Wednesday that its fully owned subsidiary, Al Madina Printing & Publication Co., was awarded 3 contracts by the Ministry of Education to print school courses for the academic year 2020-2021 at a total value of SAR 94.8 million.

 

The first contract is valued at SAR 31.46 million, the second worth SAR 27.63 million whereas the third contract is amounted to SAR 35.69 million, the Saudi-listed firm said in a bourse statement.

 

The financial impact of the contracts is expected to reflect on the company’s financials for Q2 and Q3 2020, the company added, noting that the contacts will be signed on March 2, 2020.

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