Saudi Printing signs SAR 75M financing deal with SRMG

14/08/2025 Argaam
Logo ofSaudi Printing Packaging Co. (SPCC)

Logo of Saudi Printing & Packaging Co. (SPCC)

Saudi Printing and Packaging Co. (SPPC) signed on Aug. 13 a financing agreement with one of its major shareholders, Saudi Research and Media Group (SRMG) for SAR 75 million, according to a statement to Tadawul.
 

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The facility, which will mature on Dec. 31, 2028, will be used to finance the working capital requirements.

 

It will be repaid in total at maturity, with the option to settle the amount through conversion into shares, subject to the agreed terms and conditions, the statement added.

 

The deal involved related parties including Chairman Marzouq Al Nasser and board members Turki bin Omar and Saleh Al-Duwais (also the General Manager of SRMG subsidiary Saudi Research and Publishing Co.).

 

The deal comes within the ordinary course of business, in accordance with applicable commercial terms, and without any preferential conditions.

 

SRMG owns 42% of the share capital of SPPC, while the Saudi Research and Publishing Co. holds a 7% stake.

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