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المشهد العربي
ABICO acquires Jeddah factory site
Arab Plastic Manufacturing Company (APICO) has acquired a factory site in Jeddah valued at 28 million riyals, aiming to enhance its production capabilities and expand its market share. The deal includes the purchase of the site and existing buildings, as well as the transfer of related lease agreements. The acquisition was financed through previous banking facilities. This move aligns with the company's strategy to improve production efficiency and achieve growth in future markets.
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