Saudi Printing suspends UAE subsidiary operations

The decision is as part of SPP’s second pillar of the “strategy announcement,” which focuses on assessing exit options from non-strategic assets and projects, The company said in a statement to Tadawul.

Accordingly, the board decided to halt the operations of the subsidiary in order to focus efforts and operational resources on high-growth, high-value-added packaging segments in the group’s key target markets.

It added that the decision to stop operations aims to support the debt restructuring plan and improve liquidity levels by stopping the financial drain from unprofitable operations, thereby reducing financial burdens and enhancing the efficiency of the company’s financial position.

This decision ensures sustainable value creation for shareholders and improves the group’s overall performance, the statement noted.

SPP will work on assessing all impacts resulting from the decision to suspend operations, and any material developments or the final financial impact will be announced.

SPP holds City Pack through Emirates National Factory for Plastic Industries in the UAE, with a capital of AED 10 million.

In August 2025, SPP adopted a new strategy to enhance operational efficiency and strengthen market share by optimizing the organizational structure and developing products, Argaam reported.

The company said that the strategy is built around five key pillars. Pillar one focuses on maximizing the efficiency and profitability of packaging products, pillar two concentrates on divestment from non-strategic sectors, while pillar three focuses on high-growth markets such as Saudi Arabia and the Gulf.

Pillar four centers on streamlining the organizational structure and boosting operational efficiency, while pillar five calls upon completing the debt-restructuring program and reducing financing burdens.