Logo ofFiling and Packing Materials Manufacturing Co. (FIPCO)
Filing and Packing Materials Manufacturing Co. (FIPCO)signed, on Sept. 9, an addendum to the share purchase agreement with the shareholders of Bina Industrial Investment Holding Co. 
The addendum extends the deadline for completing FIPCO’s 100% acquisition of Bina Industrial’s share capital and fulfilling the conditions precedent by an additional 270 days.
In a statement to Tadawul, the company said the total period will now be 540 days from the effective date, unless the parties agree in writing to extend it further.
The addendum also amends certain non-material conditions precedent, as agreed by the parties in coordination with the legal advisor appointed to conduct legal due diligence.
FIPCO pointed out that these amendments will be reflected in the shareholder circular, which will be published after obtaining the required regulatory approvals and sufficiently in advance of the extraordinary general meeting (EGM).
FIPCO will announce new developments related to the progress of the acquisition transaction in due course.
In December 2025, FIPCO signed a binding agreement to acquire 100% of Bina Industrial in exchange for issuing new shares (consideration shares) to the selling shareholders, Argaam data showed.
FIPCO’s capital will be increased based on the share exchange ratio, with Bina Industrial valued at SAR 364.46 million based on the financial advisor’s valuation.
Logo ofFiling and Packing Materials Manufacturing Co. (FIPCO)
Filing and Packing Materials Manufacturing Co. (FIPCO)signed, on Sept. 9, an addendum to the share purchase agreement with the shareholders of Bina Industrial Investment Holding Co.
The addendum extends the deadline for completing FIPCO’s 100% acquisition of Bina Industrial’s share capital and fulfilling the conditions precedent by an additional 270 days.
In a statement to Tadawul, the company said the total period will now be 540 days from the effective date, unless the parties agree in writing to extend it further.
The addendum also amends certain non-material conditions precedent, as agreed by the parties in coordination with the legal advisor appointed to conduct legal due diligence.
FIPCO pointed out that these amendments will be reflected in the shareholder circular, which will be published after obtaining the required regulatory approvals and sufficiently in advance of the extraordinary general meeting (EGM).
FIPCO will announce new developments related to the progress of the acquisition transaction in due course.
In December 2025, FIPCO signed a binding agreement to acquire 100% of Bina Industrial in exchange for issuing new shares (consideration shares) to the selling shareholders, Argaam data showed.
FIPCO’s capital will be increased based on the share exchange ratio, with Bina Industrial valued at SAR 364.46 million based on the financial advisor’s valuation.
