Saudi Paper Manufacturing Company (SASE:2300) signed an understanding agreement to acquire production line for sanitary paper rolls from Toscotec SpA for SAR 300 million on March 5, 2024.The memorandum will take effect from the date of its signing by both parties and will remain in effect until 01/31/2026 AD unless the two parties agree otherwise in writing. The project to purchase the sixth production line will be financed through the company?s operating revenues, and through banks and financing parties.