06/03/2014 17:50 AST

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 every (5) existing shares owned by the shareholders who are registered in the shareholders registry at the closing of trading on the day of the extraordinary general assembly. Such increase will be paid by transferring an amount of SAR (75,000,000) from the "Retained Earnings" account to the company's capital. Consequently, increasing the company's outstanding shares from (37,500,000) shares to (45,000,000) shares, by an increase of (7,500,000) shares. The bonus shares eligibility is limited to the shareholders who are registered in the shareholders registry at the close of trading on the day of the extraordinary general assembly, which will be determined later by the Company's board, and should be held within six months from the approval date. This approval is conditional on the Company satisfying the regulatory requirements of Companies Law and any other applicable laws.


Press Release

Saudi Paper Mfg. Looks to the Cloud for Growth and Competitive Edge

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

BOD of SPM has recommended a capital increase through bonus shares

18/02/2014

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

Tadawul

SPM announces the interim consolidated financial results

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

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