Paper Home CEO: capacity hits 17,000 tons, SAR 60M set for expansion

Geopolitical volatility has pushed up shipping costs and raw material prices, particularly raw paper, Al-Maghrabi said. “We are working to mitigate the impact of these factors by diversifying our supply sources and relying relatively more on the domestic market, which has helped reduce the impact of price volatility compared with peers that are more dependent on imports,” the CEO said.

Paper and cardboard product prices rose about 3% year-on-year, reflecting global raw material fluctuations. Al-Maghrabi expects prices to stay relatively stable in the second half, with possible slight increases depending on raw material costs.

Paper Home has allocated about SAR 60 million for business expansion. The company is evaluating several opportunities through its relevant committees, with details to be announced once procedures are complete, Al-Maghrabi said. The CEO also said the company is assessing options for moving to Tadawul's Main Market this year, with any material developments announced per Capital Market Authority requirements.