GulfBase Live Support
18/02/2014 10:10 AST
Saudi Paper Manufacturing Co. announces that the Board of directors on his meeting 17-02-2014 has recommended to extraordinary general assembly meeting to increase the company's capital through bonus shares as following:
1.Company's capital before increase is SAR 375 Millions, company's capital after increase SAR 450 Millions, with an increase by 20%.
2.The number of shares before increasing 37.5 Millions shares, the number of shares after increasing 45 Millions shares.
3.Offering 1 bonus shares for every 5 shares owned.
4.The increasing will be doing through capitalization SAR 75 Millions from account Retained Earnings
5.The company aimed from capital increasing to The purpose of capital increase is to fund future expansions as per company strategic plans.
6.The bonus shares is limited to the shareholders who are registered in the shareholder's register in the Securities Depository Center (Tadawul) at the close of trading on the extraordinary general assembly day, which will be determined later by the company.
7.In cause have bonus shares fractions; the company will collect it in one portfolio then selling it during 30 days from finishing allocating the new shares. The proposed increase in capital would be initiated only once necessary approvals are received from official authorities as well as from shareholders in extraordinary general assembly meeting.
Tadawul
04/11/2014
Saudi Paper Manufacturing Company (SPMC) today announced that it is initiating the largest Cloud computing project in MENA paper industry history.
The project will also mark the company ou
Press Release
06/03/2014
The CMA Board has issued its resolution approving Saudi Paper Manufacturing Company's request to increase its capital from SAR (375,000,000) to SAR (450,000,000) through issuing one bonus share for e
Press Release
21/04/2013
Saudi Paper Manufacturing Company - SPM has announced the interim consolidated financial results for the period ended March 31, 2013:
1. The net income for the first quarter ended March 31
Tadawul
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| MAADEN | 59.55 | 0.00 (0.00 |
| SABIC | 54.95 | 0.00 (0.00 |
| SABICAGRINUTRIENTS | 116.00 | 1.00 (0.86 |
| YANSAB | 30.42 | -0.10 (-0.33 |
| LUBEREF | 94.70 | 0.75 (0.79 |
05/02/2026
Invest Qatar, the Investment Promotion Agency of Qatar, and Doha Bank have announced a strategic partnership aimed at further enhancing the ease of doing business for foreign investors entering the Q
Gulf Times
05/02/2026
In celebration of Kuwait's national holidays, in which the country commemorates its beautiful history and achievements, National Bank of Kuwait announced a limited-edition issuance of KWD Visa Prepai
Kuwait Times
05/02/2026
As strategic partner to the second edition of the International Digital Cooperation Forum (IDCF) 2026, held 4 and 5 February 2026 at the Jumeirah Messilah Hotel, Kuwait City, ZainTECH is supporting t
Kuwait Times
05/02/2026
OQ Group and Kuwait Petroleum International (KPI) signed an agreement on Tuesday in Kuwait to develop a petrochemical project in the Special Economic Zone at Duqm (SEZAD).
The agreement was
Muscat Daily
05/02/2026
K Hovnanian ME Investments (KHME), a subsidiary of Hovnanian Enterprises, and the majority shareholder of Al Tahaluf Real Estate Company, CJSC, has signed a memorandum of understanding (MoU) with Sau
Trade Arabia