Saudi Arabia's Capital Market Authority approved Saudi Printing and Packaging Company's request to reduce its capital from SAR 652.07 million to SAR 68.97 million, cutting the number of shares from 65,207,064 to 6,897,434. The approval is conditional on endorsement by the company's extraordinary general assembly and completion of the required regulatory procedures. The company will provide shareholders with a disclosure document explaining the proposed reduction method and its expected effects before the extraordinary general assembly meeting. The authority clarified that its approval confirms compliance with regulatory requirements and does not endorse the feasibility of the capital reduction.
2026-08-31Saudi Arabia Capital Markets Authority
Saudi Arabia's Capital Market Authority conditionally approves Saudi Printing and Packaging capital reduction to SAR 68.97 million
Saudi Arabia's Capital Market Authority conditionally approved Saudi Printing and Packaging Company's capital reduction from SAR 652.07 million to SAR 68.97 million. The proposal requires shareholder approval and completion of regulatory procedures, and the company must disclose the method and expected effects before the vote.