Edaa deposits Saudi Paper subscribed securities into shareholders’ portfolios today

07/01/2021 Argaam

Saudi Paper Manufacturing Co. logo

The Securities Depository Center (Edaa) deposited, today, Jan. 7, 2021, the subscribed securities of Saudi Paper Manufacturing Co. (SPM) into investor portfolios.

 

SPM offered 10 million shares at SAR 10 each in a SAR 100 million rights issue, to increase capital from SAR 92 million to SAR 192 million, Argaam reported.

 

On Dec. 27, 2020, the company announced that more than 9.4 million shares were subscribed, valued at SAR 94.04 million, from the offer of 10 million new shares.

 

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