Yanbu Cement Company acquired remaining 40% of Yanbu Saudi Kuwaiti Paper Products Company Ltd from Shuaiba Industrial Company K.P.S.C. for SAR 32.33 million.

Shuaiba Industrial Company KPSC (SIC), a subsidiary of Al Safwa Group Holding Company KSCC, is a Kuwait-based company engaged in the manufacture and sale of paper products. The Company is organized into four business segments: the Industrial Packaging segment produces multi-wall paper sacks for industrial use; the Flexible Packaging segment provides single to multi-ply printed and laminated films, including aluminum foil lamination; the Commercial Packaging segment, and the Trading segment. The company has a wholly owned subsidiary, namely Advance Technologies (International Agencies) Co.WLL (ATIA). As of December 31, 2011, the Company had investment in its associate company, namely Yanbu Saudi Kuwait Paper Product Co Ltd. In April 2012, the Company established a new wholly-owned factory in Jebel Ali, Dubai, United Arab Emirates, for cement paper bag manufacturing.