Logo ofSaudi Printing and Packaging Co. (SPPC)
Saudi Printing and Packaging Co. (SPPC) announced today, Feb. 10, the listing of new shares issued following the conversion of debts owed to Alinma Bank and Alinma Capital, confirming the completion of the transaction. 
In a separate statement, the Saudi Securities Depository Center (Edaa) said the increase in the company’s securities has been applied to the accounts of eligible shareholders as of today.
According to Argaam data, the company’s shareholders approved, in an extraordinary meeting (EGM) held on Feb. 8, increasing the company’s capital through the conversion of the remaining outstanding debt of SAR 73.68 million owed to Alinma Bank.
The capital increase of 8.7% will be carried out through the issuance of 5.21 million new shares to Alinma Bank and Alinma Capital.
Logo ofSaudi Printing and Packaging Co. (SPPC)
Saudi Printing and Packaging Co. (SPPC) announced today, Feb. 10, the listing of new shares issued following the conversion of debts owed to Alinma Bank and Alinma Capital, confirming the completion of the transaction.
In a separate statement, the Saudi Securities Depository Center (Edaa) said the increase in the company’s securities has been applied to the accounts of eligible shareholders as of today.
According to Argaam data, the company’s shareholders approved, in an extraordinary meeting (EGM) held on Feb. 8, increasing the company’s capital through the conversion of the remaining outstanding debt of SAR 73.68 million owed to Alinma Bank.
The capital increase of 8.7% will be carried out through the issuance of 5.21 million new shares to Alinma Bank and Alinma Capital.
