Saudi Paper’s shareholders to vote on capital cut on Sept. 10

15/08/2018 Argaam

 

Saudi Paper Manufacturing Co.’s shareholders are set to vote on a 45.56 percent capital cut to SAR 245 million from SAR 450 million, on Sept. 10, 2018.

 

Key Figures of the Capital cut

Current Capital

SAR 450 mln

Number of shares

45 mln shares

Hike (%)

45.56% (0.911 for every 2 shares)

New Capital

SAR 245 mln

New number of shares

24.5mln shares

Method

Writing off 20.5 mln shares

Deriver

Restructuring capital to offset accumulated losses of SAR 205 mln

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read