‎Saudi Printing approves 89.4% capital cut; trading halted for 2 days

Saudi Printing and Packaging Co. said its shareholders approved an 89.42% capital reduction, from SAR 652.07 million to SAR 68.9 million, to write off SAR 583.10 million of accumulated losses.

This decision was made during an extraordinary general meeting (EGM).

Capital Cut Details

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Current Capital

SAR 652.07 mln

Current No. of Shares

65.21 mln

New Capital

SAR 68.97 mln

New No. of Shares

6.90 mln

Reduction (%)

89.42 %

Reason

Restructuring capital to offset SAR 583.10 million in accumulated losses.

Impact

The capital reduction will have no impact on the company’s financial obligations or operations, or its financial, operational or regulatory performance.

Method

Cancellation of 58.31 million shares, equivalent to 0.8942 share for every share held.

Reduction Date

Oct. 26, 2026

Shareholders also approved amendments to Articles 7 and 8 of the company’s bylaws, relating to capital and capital subscription, according to a statement to Tadawul today, Oct. 27.

The capital reduction will apply to shareholders who own shares on the EGM date and are registered with Edaa by the end of the second trading day following the EGM date.

Saudi Printing and Packaging Co. said its shareholders approved an 89.42% capital reduction, from SAR 652.07 million to SAR 68.9 million, to write off SAR 583.10 million of accumulated losses.

This decision was made during an extraordinary general meeting (EGM).

Capital Cut Details

Current Capital

SAR 652.07 mln

Current No. of Shares

65.21 mln

New Capital

SAR 68.97 mln

New No. of Shares

6.90 mln

Reduction (%)

89.42 %

Reason

Restructuring capital to offset SAR 583.10 million in accumulated losses.

Impact

The capital reduction will have no impact on the company’s financial obligations or operations, or its financial, operational or regulatory performance.

Method

Cancellation of 58.31 million shares, equivalent to 0.8942 share for every share held.

Reduction Date

Oct. 26, 2026

Shareholders also approved amendments to Articles 7 and 8 of the company’s bylaws, relating to capital and capital subscription, according to a statement to Tadawul today, Oct. 27.

The capital reduction will apply to shareholders who own shares on the EGM date and are registered with Edaa by the end of the second trading day following the EGM date.