# FIPCO signs SAR 86.75 million jumbo bag framework agreement with SABIC

Filling & Packing Materials Mfg. Co. (FIPCO) signed a framework agreement to manufacture and supply large woven plastic jumbo bags to SABIC for three years, extendable by two, with an estimated value of SAR 86,754,129 excluding VAT. The award and signing date was 24 February 2026.

- 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), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

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

## Sources

- [fipco.com.sa](https://www.fipco.com.sa/en/uncategorized-en/filling-packing-material-mfg-co-fipco-announces-signing-of-a-freamwork-agreement-with-saudi-basic-industries-corp-sabic-for-an-estimated-value-of-sar-86754129-excluding-vat-2/), 2026-07-09: "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.