Filing and Packing Materials Manufacturing Co (FIPCO) News - Mubasher Info
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14 March 12:19 PM

Filing and Packing Materials Manufacturing Co (2180)

Last update: 12 March 03:10 PM market time.
26.00
-9.50
-26.76%
Open 26.00
Previous Close 35.50
High 26.24
Low 25.80
Stock Statistics
Volume 28,989
Turnover 753,203.62
All data are 15 minutes late during market session

News

Photo Archive
7 January 2025 00:45 PM FIPCO obtains SAR 50m financing from Al Rajhi Bank
Riyadh – Mubasher: Filling and Packing Materials Manufacturing Company (FIPCO) has penned a credit facility agreement valued at SAR 50 million with Al Rajhi Bank. FIPCO will use the short-term revolving facility to finance working capital, …
Banking and Finance
Photo Archive
1 October 2023 03:07 PM FIPCO secures short-term credit facility from Saudi EXIM Bank
Riyadh – Mubasher: Filling and Packing Materials Manufacturing Company (FIPCO) has signed a short-term loan agreement with the Saudi Export-Import Bank (Saudi EXIM Bank) to support its export activities, according to a bourse filing. The …
Banking and Finance
Photo Archive
2 January 2023 04:04 PM FIPCO appoints Alharbi as new CEO
Riyadh – Mubasher: Filing and Packing Materials Manufacturing Company (FIPCO) has named Abdullah Muhammad Alharbi as its new CEO, according to a bourse filing. Alharbi, who assumed his new role on 1 January 2023, holds a bachelor’s degree in …
Corporate Actions
Photo Archive
30 November 2022 02:51 PM CMA greenlights FIPCO’s capital hike via rights issue
Riyadh – Mubasher: The Capital Market Authority (CMA) approved Filing and Packing Materials Manufacturing Company’s (FIPCO) request to increase the capital through a rights issue worth SAR 115 million. According to the latest data on the Saudi …
Corporate Actions
Photo Archive
15 December 2021 07:05 PM FIPCO pens SAR 15m loan deal with SIDF
Riyadh – Mubasher: Filing and Packing Materials Manufacturing Company (FIPCO) has signed a financing agreement with the Saudi Industrial Development Fund (SIDF) to secure a loan worth SAR 15.1 million. FIPCO obtained the funding on 15 December …
Banking and Finance
FIPCO will be able to finance the working capital of the company
7 June 2021 04:56 PM FIPCO to obtain SAR 74m from Riyad Bank
Riyadh – Mubasher: Filling and Packing Materials Manufacturing Company (FIPCO) has renewed a Shariah-compliant banking facility agreement with Riyad Bank to obtain SAR 73.68 million. The financing duration is from 25 March 2021 until 25 March …
Banking and Finance
The sharia-compliant loan deal carries a duration of one year
12 April 2021 05:17 PM FIPCO extends SAR 30m deal with Bank Albilad
Riyadh – Mubasher: Filing and Packing Materials Manufacturing Company (FIPCO) has renewed a credit facilities agreement worth SAR 30 million with Bank Albilad, according to a bourse filing on Monday. The sharia-compliant loan deal carries a …
Companies Investments
Photo Archive
29 July 2020 00:59 PM FIPCO posts 29% lower losses in Q2
Riyadh – Mubasher: Filling and Packing Materials Manufacturing Company’s (FIPCO) net losses after Zakat and tax decreased by 29.17% in the second quarter (Q2) of 2020, recording SAR 3.4 million from SAR 4.8 million in the same period in 2019. This …
Financial Results
FIPCO aims to use this facility to finance its working capital
29 April 2020 01:35 PM FIPCO renews SAR 30m agreement with Albilad
Riyadh – Mubasher: Filling and Packing Materials Manufacturing Company (FIPCO) has renewed a SAR 30 million Shariah-compliant banking facility agreement with Bank Albilad. The agreement’s duration is for one year from 25 March 2020 to 25 March …
Companies Investments
FIPCO registered SAR 4.2 million profit in the first quarter of 2020
28 April 2020 01:17 PM FIPCO turns profitable in Q1-20
Riyadh – Mubasher: The Filling and Packing Materials Manufacturing Company (FIPCO) reported SAR 4.2 million in net profit for the first quarter (Q1) of 2020, against losses of SAR 2.2 million in the same period of 2019, as shown by its …
Financial Results
Photo Archive
20 April 2020 05:36 PM FIPCO renews SAR 25m facility with Riyad Bank
Riyadh – Mubasher: Filling and Packing Materials Manufacturing Company (FIPCO) announced the renewal of a Shariah-compliant SAR 25 million banking facility agreement with Riyad Bank. The one-year renewal began on 9 April 2020 and will ends in 20 …
Banking and Finance
The accreditation was obtained after tests and technical visits
23 March 2020 00:14 PM FIPCO unit obtains Saudi Aramco’s accreditation
Riyadh – Mubasher: The Filling and Packing Materials Manufacturing Company (FIPCO) announced that its subsidiary (FPC Industries Co.) has obtained the accreditation of the Saudi Arabian Oil Company (Saudi Aramco) as a technical textile …
Companies Investments
FIPCO currently owns 80% of FPC Industries
2 March 2020 01:37 PM FIPCO signs deal to fully acquire FPC Industries
Riyadh – Mubasher: The Filling and Packing Materials Manufacturing Company (FIPCO) has signed an agreement with Erad Investment Company to acquire the full minority shareholding at its subsidiary, FPC Industries Company. FIPCO currently owns an …
Mergers and Acquisitions
Photo Archive
4 February 2020 00:00 PM FIPCO joins Saudi Productivity Program Initiative
Riyadh – Mubasher: Filing and Packing Material Manufacturing Company (FIPCO) has been selected by the Saudi Authority for Industrial Cities and Technology Zones (MODON) for the National Productivity Program Initiative, one of the Saudi Vision 2030 …
Companies Investments
A total of 11 quality certificates were obtained from specialized authorities
15 December 2019 00:03 PM FIPCO products approved for Pilgrims Housing Project
Riyadh – Mubasher: Filling and Packing Materials Manufacturing Company (FIPCO) announced that its subsidiary, FPC Industries Company, has obtained an accreditation certificate for its fire-retardant industrial fabrics from the Pilgrims Housing …
Companies Investments
The credit facility will end on 18 March 2020
29 October 2019 07:57 PM FIPCO renews SAR 30m credit facility agreement
Riyadh – Mubasher: Filing and Packing Materials Manufacturing Company (FIPCO) has announced the renewal of a SAR 30 million Shariah-compliant banking facility agreement with Bank Albilad. The credit facility duration starts from 22 October 2019 …
Banking and Finance
FIPCO’s loss surged 92% QoQ
8 August 2019 07:23 PM FIPCO incurs SAR 4.8m loss in Q2-19
Riyadh – Mubasher: Filing and Packing Materials Manufacturing Company (FIPCO) turned to loss during the second quarter of 2019. The company’s loss reached SAR 4.8 million in Q2-19, according to a bourse statement released on Thursday. …
Financial Results
First-quarter loss was attributed to a rise in general and administrative expenses.
18 April 2019 09:21 AM FIPCO incurs SAR 2.5m losses in Q1
Riyadh – Mubasher: Filing and Packing Materials Manufacturing Company (FIPCO) reported turning to losses during the first quarter of 2019. FIPCO’s losses after calculating Zakat and Tax amounted to SAR 2.5 million in Q1-19, against a profit of SAR …
Financial Results
FIPCO amends loan deal with Riyad Bank
10 March 2019 07:12 PM FIPCO amends loan deal with Riyad Bank
Riyadh – Mubasher: Saudi Arabia’s Filing and Packing Materials Manufacturing Company (FIPCO) on Sunday has revealed adding SAR 15 million to the loan which was obtained via Riyad Bank, making its value reach SAR 38 million, compared to SAR 23 …
Banking and Finance
The firm attributed the negative turn in its financials to a rise in administrative and general expenses
7 March 2019 05:28 PM FIPCO suffers SAR 3m loss in 2018
Riyadh – Mubasher: Filing and Packing Materials Manufacturing Company (FIPCO) on Thursday reported turning to loss during the full-year 2018, against achieving a profit in 2017. FIPCO’s net losses after calculating Zakat and Tax amounted to SAR …
Financial Results
9 December 2018 00:03 PM Tassnief affirms FIPCO rating at ‘BBB+’; outlook ‘Stable’
The rating was based on some positive fundamentals including FIBCO’s well-established historic operating model
Global Markets brief
FIPCO’s profit reaches SAR 8m during Q3, SAR 24m in 9M
18 October 2018 03:43 PM Filing and Packing Materials reports SAR 24m profit in 9M
Riyadh – Mubasher: Filing and Packing Materials Manufacturing Company (FIPCO) on Thursday reported a 30% year-on-year profit growth in the third quarter of 2018. Profits amounted to SAR 7.8 million ($2.08 million) during Q3-18, compared to SAR 6 …
Financial Results
FIPCO will use the one-year loan secured by a promissory note to finance its working capital
17 September 2018 10:02 AM FIPCO gets SAR 30m Islamic facility from Bank Albilad
Riyadh – Mubasher: Saudi Arabia-based Filing and Packing Materials Manufacturing Company (FIPCO) has signed a contract with Bank Albilad to secure a SAR 30 million sharia-compliant loan on Sunday. FIPCO will use the one-year loan secured by a …
Banking and Finance
FIPCO’s net profits amounted to SAR 740,000 in the period between April to June
11 July 2018 04:44 PM FIPCO’s profit jumps 54% in Q2, slides 50% in H1
Riyadh – Mubasher: Filing and Packing Materials Manufacturing Company (FIPCO) on Wednesday posted a 54.17% year-on-year surge in its net profits in the second quarter of 2018. FIPCO’s net profits amounted to SAR 740,000 in the period between April …
Financial Results
Photo Archive
8 May 2018 05:35 PM FIBCO renews financing deal with Riyadh Bank
Riyadh - Mubasher: Filing and Packing Materials Manufacturing Company (FIPCO) announced that it has renewed a sharia-compliant banking facilitation agreement with Riyad Bank. The agreement has modified credit limits to SAR 72 million, consisting …
Banking and Finance