Saudi Printing and Packaging Co (SPPC) is discontinuing operations of its fully owned subsidiary, Al Madinah Packaging Co (City Pack), in the UAE. The company’s board approved the closure as part of SPPC’s strategy to review and exit from non-core assets, according to a statement issued to Tadawul. The decision is aimed at reallocating resources towards higher-growth and value-added packaging sectors within SPPC’s key target markets. SPPC noted that ending City Pack’s activities is expected to contribu ...