Riyadh - Mubasher: ASG Plastic Factory Company has signed an industrial land lease contract with the Saudi Authority for Industrial Cities and Technology Zones (MODON) for a 100,377 square meter (m²) plot in Sudair Industrial and Business City.

The 20-year deal aims to support the company’s expansion and increase production capacity, with an annual rental value of SAR 200,754, according to a bourse filing.

The agreement, penned on 22 June 2026, secures an industrial land plot in Sudair Industrial and Business City as part of ASG Plastic Factory’s strategic expansion plans. The move aims at meeting rising demand for its products and enhancing the company’s operational capacity.

The financial impact of the project is expected to commence after completion of construction works and the start of factory operations.  

Last February, the board of ASG Plastic proposed SAR 4.58 million in cash dividends, equivalent to 6.50% of its SAR 70.50 million capital, for 2025.