Saudi Paper Manufacturing Co. (SPM) sold 18,103 fractional shares at SAR 21.60 per share for a total of SAR 390.49 million.
The funds will be deposited into shareholders accounts in Dec. 4, 2019, according to a bourse statement on Monday.
Earlier in November, SPM's shareholders approved reducing capital by 62.45% to SAR 92 million to offset the accumulated losses through cancelling 15.3 million shares, Argaam reported.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}