Saudi Paper Manufacturing Co. (SPM) announced, in a bourse filing, a total of SAR 26.5 million will be distributed today, Jan. 14, 2021, as compensation to rights issue owners who did not exercise their rights to subscribe to the new shares.
The amount will be deposited in the bank accounts of eligible investors.
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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