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Saudi Paper Manufacturing Co. Announces Board's Recommendation to Decrease the Company's Capital

Element ListExplanation
Introduction No English translation, kindly refer to the Arabic version
Date of Board Meeting 2019-09-16 Corresponding to 1441-01-17
Capital before decrease No English translation, kindly refer to the Arabic version
Capital after decrease No English translation, kindly refer to the Arabic version
Percentage of Capital decrease 39.2 %
Number of Shares before Decrease 24500000
Number of Shares after Decrease 14900000
Reasons for the Capital Decrease No English translation, kindly refer to the Arabic version
Method of Capital Decrease No English translation, kindly refer to the Arabic version
Impact of the Capital Decrease on the Company's Obligations, Operations or Operational, Financial or Organizational Performance of the Company No English translation, kindly refer to the Arabic version
Date of reduction The End of the Second Trading Day after the Extra Ordinary General Assembly Meeting in which Decrease was Resolved
Approvals No English translation, kindly refer to the Arabic version
Appointment of a Financial Advisor and the Submission of the Application for Capital Decrease to CMA No English translation, kindly refer to the Arabic version
Additional Information No English translation, kindly refer to the Arabic version

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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Last Price Net Change
9.99 0.28 (+2.88%)
Value Traded (SAR) Volume Traded
35,526,824.59 3,509,035

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