Logo of Saudi Paper Manufacturing Co.
Saudi Paper Manufacturing Co. (SPM) said the rights trading period and subscription to the new shares will begin on Oct. 23, according to the Saudi Exchange (Tadawul).
Saudi Paper said the rights trading will close on Oct. 30, while the subscription to the new shares will end on Nov. 2.
According to data available with Argaam, Saudi Paper shareholders approved on Oct. 17 the board of directors' recommendation on capital increase through a SAR 145 million rights issue.
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