On June 1, 2026, Saudi Printing and Packaging Co. announced its Board of Directors' recommendation to reduce the company's capital by 89.42% from SAR 652,070,640 to SAR 68,974,330. The capital reduction involves cancelling 58,309,631 shares to offset accumulated losses of SAR 583,096,305, reducing the total share count from 65,207,064 to 6,897,433 shares. The company has appointed Wasatah Capital as financial advisor for the restructuring process, which requires approval from regulatory authorities and an Extraordinary General Assembly. The reduction will take effect at the end of the second trading day following the shareholders' meeting approval.

Original announcement:

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.