# FIPCO signs SAR 86.75M framework agreement with SABIC for jumbo bags

FIPCO signed a three-year framework agreement with SABIC to manufacture and supply large woven plastic jumbo bags, valued at SAR 86.75 million.

- Type: Contract
- Announced: 2026-02-24
- Where: Saudi Arabia
- Value: $23.1M (86.8M SAR)
- Status: completed
- Products: large woven plastic jumbo bags
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [FIPCO](https://endata.com/companies/3204.md)
- [SABIC](https://endata.com/companies/3200.md) (customer)

## Sources

- [endata.com](https://endata.com/announcements/13874-fipco-signs-sar-86-75-million-jumbo-bag-framework-agreement-with-sabic), 2026-02-24: "The estimated value of the agreement amounts to SAR 86,754,129 (Eighty-Six Million, Seven Hundred Fifty-Four Thousand, One Hundred Twenty-Nine Saudi Riyals), excluding Value Added Tax (VAT)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.