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Element List	Explanation
Introduction	Arabian Plastic Industrial Company (APICO) announces the signing of a non-binding Memorandum of Understanding (MoU) with K. K. Nag for the purpose of establishing a specialized manufacturing facility for Expanded Polypropylene (EPP) products.
Memorandum Signing Date	2026-02-10 Corresponding to 1447-08-22
Counterparty	K. K. Nag
Memorandum Subject	A non-binding Memorandum of Understanding (MoU) for the purpose of defining the framework of understanding regarding the initial mutual obligations and rights between the two parties and exploring the feasibility of cooperation and establishing specialized manufacturing for Expanded Polypropylene (EPP) products, as part of the company’s expansion plans to enhance its production capacity and meet demand in industrial sectors. The Memorandum of Understanding includes a number of commonly accepted clauses that govern the confidentiality of information.
Memorandum Duration	This Memorandum shall come into effect from the date of its signing and shall remain valid until 31 March 2027 or until the signing of the agreement.
Related Parties	N/A
Financial Impact	There is currently no financial impact
Additional Information	The Company will announce any material developments regarding this transaction in due course

Arabian Plastic Industrial Co. announces the signing of a non-binding Memorandum of Understanding (MoU) with K. K. Nag.