Logo ofFiling and Packing Materials Manufacturing Co. (FIPCO)
Filing and Packing Materials Manufacturing Co. (FIPCO) announced receiving a no-objection from the General Authority for Competition (GAC) to complete the acquisition of Bina Holding Co. 
The acquisition will be finalized in accordance with the GAC’s certificate issued on Jan. 14, the company said in a statement to Tadawul.
The completion of the acquisition is subject to the fulfillment of a number of conditions, including obtaining the Capital Market Authority (CMA) approval for capital increase, securing the Saudi Exchange’s (Tadawul) nod to list the new shares resulting from the capital increase, obtaining the approval of the company’s extraordinary general meeting and any other required regulatory approvals in line with the acquisition agreement.
Any material developments related to the transaction will be announced in due course.
On Dec. 23, 2025, FIPCO signed a binding agreement to acquire 100% of Bina Holding through the issuance of new shares (consideration shares) in FIPCO to the selling shareholders, according to Argaam data.
Bina Holding is valued at SAR 364.46 million, based on the financial advisor’s assessment.
For transaction purposes, FIPCO was valued at SAR 371.83 million, or SAR 32.33 per share, based on the volume-weighted average price (VWAP) over a 30-trading-day period from Oct. 28 to Dec. 8, 2025.
Capital Increase Highlights
Current Capital
SAR 115 mln
Number of Shares
11.5 mln
New Capital
SAR 227.72 mln
Number of Shares
22.77 mln
Capital Increase
SAR 112.72 mln
Percentage of Increase
98.02%
Logo ofFiling and Packing Materials Manufacturing Co. (FIPCO)
Filing and Packing Materials Manufacturing Co. (FIPCO) announced receiving a no-objection from the General Authority for Competition (GAC) to complete the acquisition of Bina Holding Co.
The acquisition will be finalized in accordance with the GAC’s certificate issued on Jan. 14, the company said in a statement to Tadawul.
The completion of the acquisition is subject to the fulfillment of a number of conditions, including obtaining the Capital Market Authority (CMA) approval for capital increase, securing the Saudi Exchange’s (Tadawul) nod to list the new shares resulting from the capital increase, obtaining the approval of the company’s extraordinary general meeting and any other required regulatory approvals in line with the acquisition agreement.
Any material developments related to the transaction will be announced in due course.
On Dec. 23, 2025, FIPCO signed a binding agreement to acquire 100% of Bina Holding through the issuance of new shares (consideration shares) in FIPCO to the selling shareholders, according to Argaam data.
Bina Holding is valued at SAR 364.46 million, based on the financial advisor’s assessment.
For transaction purposes, FIPCO was valued at SAR 371.83 million, or SAR 32.33 per share, based on the volume-weighted average price (VWAP) over a 30-trading-day period from Oct. 28 to Dec. 8, 2025.
Capital Increase Highlights
Current Capital
SAR 115 mln
Number of Shares
11.5 mln
New Capital
SAR 227.72 mln
Number of Shares
22.77 mln
Capital Increase
SAR 112.72 mln
Percentage of Increase
98.02%
