APICO inks manufacturing, supply contract with PIF subsidiary Badael

23/01/2025 Argaam
Logo ofArabian Plastic Industrial Co. (APICO)

Logo of Arabian Plastic Industrial Co. (APICO)

Nomu-listed Arabian Plastic Industrial Co. (APICO) signed, on Jan. 22, a manufacturing and supply agreement for plastic containers with Badael Co., a Public Investment Fund (PIF) subsidiary

 

 

In a statement to Tadawul, the company said that the value of the three-year contract exceeds 5% of the total revenue, based on the audited financial statements for 2023.

 

The positive financial impact of the agreement is expected to be reflected as of H1 2025, the statement noted, adding that there are no related parties to the deal.

 

According to Argaam data, APICO’s revenue for 2023 amounted to nearly SAR 156.65 million.

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