Saudi Printing shareholders to vote on company continuation on Oct. 7

Logo of Saudi Printing & Packaging Co. (SPPC)

Saudi Printing & Packaging Co.’s (SPPC) shareholders will vote on the board’s recommendation regarding the continuation of the company’s operations after its accumulated losses have reached half of the share capital, in accordance with Article (132) of the Companies Law, during an extraordinary general assembly meeting, to be held on Oct. 7, 2025.

Shareholders will also review the board’s plan to address the losses and improve the capital structure, the company said in a statement to Tadawul.

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SPPC’s board of directors recommended, on May 14, a capital reduction following a capital increase to offset accumulated losses to below 50% of capital.

According to data available on Argaam, SPCC signed, on Nov. 5, 2024, an agreement to settle its SAR 178.1 million debt to Alinma Bank by transferring ownership of two land plots and issuing new shares in favor of the bank through capital increase.

The company’s accumulated losses amounted to about SAR 376.69 million, or 62.78% of capital by the end of H1 2025.