Saudi Paper: 20% Proposed Capital raise

18/02/2014 Argaam

 

A 20  % Capital raise of Saudi PaperCompany (from SR 375 to SR 450 ) was approved in BOD meeting that was held on 17 /02/2014. The proposed capital raise will be used to finance company expansions.

 

The Capital raise is to take place by issuing 1 bonus share to each 5 shares owned by registered shareholders, as SAR75 mn  of retained earnings will be capitalized.

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