Saudi Paper Manufacturing Company on August 12, 2018 will discuss the board’s recommendation on a capital cut by 45.56 percent to SAR 245 million from SAR 450 million, the company said in a bourse filing.
The capital will be decreased by cancelling 20.5 million shares, or 0.911-for-2 shares to offset the accumulated losses.
There is no related impact on the company’s financial liabilities
Comments
{{DisplayName}}
{{ElapsedTime}}