Riyadh – Mubasher: Saudi Printing and Packaging on Thursday said that its subsidiary Al Madina Printing and Publishing has signed two contracts at a combined value of SAR 63 million with the Ministry of Education to print and supply school curricula.

The first deal valued at SAR 32.93 million, while the second contract amounted to SAR 30.49 million, according to a statement to the Saudi Stock Exchange (Tadawul).

The transactions’ financial impacts are expected to appear in the firm’s earnings statements during the second, third, and fourth quarters of 2019.

Al Madina Printing and Publishing is a wholly-owned subsidiary of Saudi Printing and Packaging.

Saudi Printing and Packaging last reported a 158.3% rise in losses after calculating Zakat and Tax during Q4-18, logging SAR 11.83 million from SAR 4.58 million in Q3-17.

Saudi Printing and Packaging’s stock went down 0.74% to close Thursday’s trading session at SAR 16.20.