AI Summary
Logo of Filing 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.
Completion remains subject to the Capital Market Authority’s approval of a capital increase, Tadawul’s nod to list the new shares, and FIPCO’s extraordinary general meeting decision.
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.
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Capital Increase Highlights |
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Current Capital |
SAR 115 mln |
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Number of Shares |
11.5 mln |
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New Capital |
SAR 227.72 mln |
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Number of Shares |
22.77 mln |
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Capital Increase |
SAR 112.72 mln |
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Percentage of Increase |
98.02% |
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