“FIPCO” receives approval from the Competition Authority for the acquisition of “Bena Industrial Investments”
The Packaging Materials Manufacturing Company (FIPCO) announced today, Thursday, the issuance of a no-objection from the Competition Authority to complete the economic concentration process resulting from the deal to acquire 100% of the company’s capital. "Bina Industrial Investments Holding"
On December 23, 2025, FIPCO concluded a binding acquisition agreement to purchase all shares. "building" This is in exchange for the issuance of new shares (replacement shares) for the benefit of the selling shareholders in the Packaging Materials Manufacturing Company (FIPCO), where FEPCO’s capital will be increased based on the share exchange rate, after obtaining all relevant regulatory approvals.
FIPCO clarified at the time that the value of the company targeted to be acquired amounts to about 364.46 million riyals, based on the assessment of the financial advisor.
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