SPPC files for CMA approval on capital hike

08:32 AM (Mecca time) Argaam
Logo ofSaudi Printing and Packaging Co. (SPPC)

Logo of Saudi Printing and Packaging Co. (SPPC) 

Saudi Printing and Packaging Co. (SPPC) submitted on Dec. 21 a request for the approval of the Capital Market Authority (CMA) on the capital increase, according to a statement to Tadawul.
 
 

The company will increase capital by converting the outstanding debts owed to Alinma Bank, amounting to SAR 73.68 million.

 

Any related updates will be duly revealed in line with the applicable regulations, the statement added.

 

The company announced in November the board’s recommendation to increase capital, data compiled with Argaam showed.

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