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The company specializes in waste paper recycling and the production of tissue rolls.
Overview
It was formed as a sole proprietorship company in 1989 in Dammam. The company’s core activities include the manufacturing of tissue paper rolls and converting them into facial tissue and kitchen towels, in addition to collecting, sorting, transporting and compressing solid waste, including paper, cardboard, plastic, metal and glass waste. The company also invests in various industries in the field of oil, petrochemicals and their supporting industries, and manages hazardous and non-hazardous industrial waste.
Basic Information
City: | Dammam |
Country | Saudi Arabia |
Ownership Type: | Joint Stock |
Establishment Date: | 1989 |
Commercial Register: | 2050028141 |
Website: | www.saudipaper.com |
IR.Inquires@saudipaper.com | |
Phone | +966 92 000 3558 |
Fax | +966 13 812 3209 |
Address | Unit No. 2 - Al-Ahsa Street - Second Industrial City - Dammam - 34326 |
PO Box | 2598 |
Argaam Classification
Industry Peers
Middle East Paper Co. |
Financials Highlights (M )
Trading Data
Stock Market : | TASI |
Fiscal Year End : | December |
Free Float (M) : | 22.12 |
Free Float % : | 65.64 |
Weight in Index % : | 0.07 |
3M Average Volume : | 582,313 |
3M Average Transactions : | 1,997 |
Change(12M) % : | 181.90 |
Major Shareholders
Name | Number of Shares (M) | Holding |
---|---|---|
raed adbullrahman abdullaziz AL-meshal | 11.41 | 33.86 % |
Subsidiaries & Associates
Company | Country | Percentage |
---|---|---|
Moroccan company for the manufacture of paper | Morocco | 100.00 % |
Jordanian Saudi Paper Converting | Jordan | 100.00 % |
Al Madar Paper - Algeria | Algeria | 100.00 % |
Al Madar - Jordan | Jordan | 100.00 % |
Al Madar - Morocco | Morocco | 100.00 % |
Saudi Investment and Industrial Development | Saudi Arabia | 100.00 % |
Saudi Recycling | Saudi Arabia | 100.00 % |
SPC | Saudi Arabia | 100.00 % |
Roots Paper Manufacturing | Kuwait | 85.00 % |
East Gas | Saudi Arabia | 26.00 % |
Milestones
05-2014
Raised capital to SAR 450 million by a 20% bonus shares issue
02-04-2012
Raised capital to SAR 375 million by a 25% bonus shares issue
07-12-2010
Acquired 85% stake in Al-Jozor (tissue) mill in Kuwait
11-11-2010
Bought a paper converting factory in Turkey for SAR 26 million
20-07-2009
Started production from the Saudi Paper Manufacturing Company’s expansion
18-07-2009
Started production from Saudi Paper Converting Company in Jeddah
12-04-2008
Raised capital to SAR 300 million by a 25% bonus shares issue
14-06-2006
Floated on the Saudi stock market (Tadawul)
10-04-2006
It was converted into a closed joint stock company
15-02-2006
Raised capital from 100 SAR mln to 240 SAR mln
20-06-1994
It was converted into a limited liability company, with a capital of SAR 100 million.
13-11-1989
It was formed as a sole proprietorship company.
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