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Printing and Packaging unit sells lines in UAE at expected loss
Saudi Printing and Packaging Company has completed the sale of its polypropylene cup production lines and plastic containers in the UAE for 1.12 million Riyals. The company expects to record a loss of approximately 5 million Riyals due to the difference between the sale price and the book value of the assets. The proceeds will be used to finance its operations and support its strategy to focus on high-profitability products and to reduce regulatory pressures on single-use plastics.
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