A 20 % Capital raise of Saudi PaperCompany (from SR 375 to SR 450 ) was approved in BOD meeting that was held on 17 /02/2014. The proposed capital raise will be used to finance company expansions.
The Capital raise is to take place by issuing 1 bonus share to each 5 shares owned by registered shareholders, as SAR75 mn of retained earnings will be capitalized.
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