Saudi Top pens contract to buy polycarbonate waste from SABIC

Saudi Top for Trading Co. signed a contract with Saudi Basic Industries Corp. (SABIC) to buy polycarbonate waste from SABIC.

In a statement to Tadawul, the company said that the contract has a term of three years starting from Oct. 1, 2024, adding that the deal will contribute to an expected increase in the quantities sold by 9,600 tons annually, as the product is a new addition to the company's product list.

The financial impact of signing the contract will be reflected in an increase in revenues by approximately SAR 45 million annually, starting from Q4 2024, Saudi Top noted, indicating that no related parties are included in the deal.