Riyadh — Mubasher: Saudi Printing and Packaging Company announced that the Capital Market Authority (CMA) granted approval on 31 August to reduce its share capital by 89.42%.
Under the approved plan, the company will decrease its capital from SAR 652.07 million to SAR 68.97 million to restructure its finances and extinguish accumulated losses.
The transaction involves the cancellation of 58.30 million ordinary shares, which will bring the total number of outstanding shares down from 65.20 million to 6.89 million. This regulatory milestone follows the company's initial filing submitted on 23 July 2026.
The capital reduction remains subject to the approval of an Extraordinary General Assembly and the completion of all relevant legal procedures.
The effective date for the reduction will be at the close of the second trading day following the assembly meeting.
Saudi Printing confirmed it will publish a shareholders' circular detailing the proposed method and expected impacts of the capital restructuring ahead of the scheduled vote.
