BRIEF-Saudi Printing And Packaging Boards Recommends To Decrease Capital

SPPC
Tadawul All Shares Index

SPPC

4270.SA

0.00

Tadawul All Shares Index

TASI.SA

0.00

June 1 (Reuters) - SAUDI PRINTING AND PACKAGING COMPANY 4270.SE:

  • ANNOUNCES BOARDS RECOMMENDATION TO DECREASE COMPANYS CAPITAL

  • CAPITAL DECREASE TO SAR 69 MILLION FROM SAR 652.1 MILLION

  • RESTRUCTURING CAPITAL TO OFFSET SAR 583.1 MILLION OF ACCUMULATED LOSSES

  • APPOINTS WASATAH CAPITAL AS FINANCIAL ADVISOR FOR CAPITAL REDUCTION

Source text: ID:nSSE3C7Vty

Further company coverage: 4270.SE


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