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Saudi Paper Manufacturing Co (2300)

Last update: 19 January 01:54 PM market time.
26.20
-0.30
-1.13%
Open 26.60
Previous Close 26.50
High 26.75
Low 25.95
Stock Statistics
Volume 563,427
Turnover 14,790,628.75
All data are 15 minutes late during market session

News

The subsidy comes in line with the private sector incentive plan
17 November 2019 00:13 PM SPM obtains SAR 52m government subsidy
Riyadh – Mubasher: Saudi Paper Manufacturing (SPM) Company announced on Sunday that the Ministry of Finance has approved providing the company with SAR 52 million financial support. The subsidy comes in line with the private sector incentive plan, …
Saudi Paper's net losses reached SAR 24.22 million in Q3-19
12 November 2019 09:16 AM Saudi Paper trims accumulated losses to 7.84% of capital
Riyadh – Mubasher: Saudi Paper Manufacturing Company trimmed its accumulated losses by 7.84% to SAR 7.2 million of its capital, according to a bourse statement on Tuesday. The Saudi-based firm suffered SAR 24.22 million losses during the third …
The company will be suspended as per the Listing Rules for two business days
5 November 2019 01:18 PM Tadawul sets fluctuation limits for Saudi Paper at SAR 23.52/shr
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) has approved Saudi Paper Manufacturing Company’s  request for a capital reduction. Accordingly, the fluctuation limits for Saudi Paper will be based on a share price of SAR 23.52, according to …
The company’s capital will be SAR 92 million
5 November 2019 00:56 PM Saudi Paper approved 42.45% capital cut
Riyadh – Mubasher: The extraordinary general assembly of the Saudi Paper Manufacturing Company has approved the recommendation of reducing the company’s capital by 62.45%. The company’s capital will be SAR 92 million instead of SAR 245 million, …
The first installment after rescheduling will start from 31 January 2020
30 October 2019 04:45 PM Saudi Paper reschedules SAR 6m credit facility from ANB
Riyadh – Mubasher: Saudi Paper Manufacturing Company (SPM) has signed a sharia-compliant credit facility with the Arab National Bank (ANB) in order to reschedule an existing loan. The company will reschedule an amount of SAR 6 million from a total …
The company will name a new chairman later on
30 October 2019 10:35 AM Saudi Paper's chairman resigns
Riyadh – Mubasher: The board of directors of Saudi Paper Manufacturing Company announced that its chairman, Saad Ammash Saad Al Shammary, has resigned from his position, according to a disclosure to the Saudi Stock Exchange (Tadawul) on Wednesday. …
Saudi Paper appointed a board member as the new chairman
22 October 2019 10:35 AM Saudi Paper’s chairman resigns
Riyadh – Mubasher: Saudi Paper Manufacturing Company said that its chairman, Abdul Rahman bin Saleh Abdul Rahman Al Ubaid, has resigned from his position on 21 October 2019. The company has appointed the board member, Saad Ammash Saad Al Shammary, …
The company plans to reschedule around SAR 12.5 million
21 October 2019 04:26 PM Saudi Paper inks rescheduling deal with SABB
Riyadh – Mubasher: Saudi Paper Manufacturing Company (SPM) has signed a sharia-compliant credit facility with Saudi British Bank (SABB) in order to reschedule an existing credit facility to manage the cash flow. The company plans to reschedule …
This approval is conditional on the Company’s extraordinary general assembly approval
17 October 2019 04:50 PM CMA approves Saudi Paper’s request of capital cut
Riyadh – Mubasher: The Capital Market Authority (CMA) has approved the Saudi Paper Manufacturing Company’s request to reduce its capital to SAR 92 million instead of SAR 245 million. This approval is conditional on the Company’s extraordinary …
The total number of shares will be 9.20 million
13 October 2019 04:28 PM Saudi Paper requests capital cut
Riyadh – Mubasher: The board of directors of Saudi Paper Company has submitted a request to the Capital Market Authority (CMA) to reduce its capital. The company will provide further data on time, according to a filing to the Saudi Stock Exchange …
The total number of shares will be 9.20 million
10 October 2019 10:13 AM Saudi Paper’s board amends capital cut recommendation
Riyadh – Mubasher: The boar of directors of Saudi Paper Manufacturing Company (Saudi SPMC) has amended its capital cut recommendation to 62.45% to be SAR 92 million instead of SAR 245 million. The total number of shares will be 9.20 million …
Net losses retreated by 35% Q3-19
10 October 2019 09:53 AM Saudi SPMC Q3 losses fall 35%
Riyadh – Mubasher: Saudi Paper Manufacturing Company (Saudi SPMC) posted the interim financial results for the third quarter of 2019. Net losses after zakat and tax retreated by 35% to SAR 24.22 million in Q3-19, compared to SAR 37.27 million in …
SPMC’s accumulated losses now represent 52.7% of capital
30 September 2019 10:12 AM Saudi SPMC’s accumulated losses rise to SAR 129.13m
Riyadh – Mubasher: The Saudi Paper Manufacturing Co (SPMC) announced that its accumulated losses amounted to SAR 129.13 million, accounting for 52.7% of capital. This comes as a result of the board of directors’ decision to amend and ease the …
Such reduction will have no impact on the company’s liabilities
16 September 2019 05:57 PM SPMC’s board proposes SAR 96 capital cut
Riyadh – Mubasher: The board of directors of the Saudi Paper Manufacturing Company (SPMC) recommended cutting the company’s capital by 39.2%. The company’s capital is proposed to be slashed to SAR 149 million from SAR 245 million, according to a …
The original facility had a value of SAR 30.5 million
28 August 2019 10:49 AM Saudi Paper reschedules SAR 26m loan with NCB
Riyadh – Mubasher: Saudi Paper Manufacturing Company has signed an agreement to reschedule a SAR 26.5 million loan from the National Commercial Bank (NCB). The original facility had a value of SAR 30.5 million and a repayment period of one year …
The company achieved profits of SAR 8.02 million in H1-19
29 July 2019 04:16 PM SPMC turns profitable in H1
Riyadh – Mubasher: Saudi Paper Manufacturing Company (SPMC) reported its interim financial results for the first half of 2019. The company achieved profits of SAR 8.02 million in H1-19, against losses of SAR 5.59 million in H1-18, according to the …
SPMC planned to raise production capacity and improve quality
13 May 2019 01:12 PM SPMC reduces accumulated losses to 33% of capital
Riyadh – Mubasher: Saudi Paper Manufacturing Company (SPMC) posted SAR 80.55 million in accumulated losses during the first quarter of 2019, representing 32.88% of its capital. Improved collections helped in reducing the company’s accumulated …
Net profits amounted to SAR 23.46 million in Q1-19
13 May 2019 09:30 AM SPMC’s profit leaps 398% in Q1
Riyadh – Mubasher: Saudi Paper Manufacturing Company (SPMC) reported a 398.09% year-on-year surge in its profits during the first quarter of 2019. Net profits amounted to SAR 23.46 million in Q1-19, from SAR 4.71 million in Q1-18, according to the …
The value of the loan originally amounted to SAR 267 million
30 April 2019 00:46 PM SPMC reschedules SAR 48m loan with Alinma Bank
Riyadh – Mubasher: Saudi Paper Manufacturing Company (SPMC) has signed an agreement with Alinma Bank to reschedule a SAR 48 million existing sharia-compliant credit facility. The value of the loan originally amounted to SAR 267 million, according …
SPMC’s net losses hiked to SAR 62.3 million in Q4-18
31 March 2019 05:49 PM SPMC's loss grows 139.5% in 2018
Riyadh – Mubasher: Saudi Paper Manufacturing Company (SPMC) on Sunday reported a 139.5% year-on-year loss increase in 2018. The Saudi firm’s amounted to SAR 115 million last year, compared to SAR 48 million in 2017, according to the company’s …
SPMC’s losses rise 171% to SAR 10m during Q2
9 August 2018 06:06 PM SPMC’s losses rise 171% to SAR 10m during Q2
Riyadh – Mubasher: Saudi Paper Manufacturing Company (SPMC) on Thursday reported a 171.05% increase in net losses for the second quarter of 2018, compared to the year-ago period. SPMC’s losses amounted to SAR 10.3 million during Q2-18, up from SAR …
The CMA has stated the capital reduction will be subject to the EGM’s approval
23 May 2018 11:14 AM Saudi CMA nods to SPMC’s capital cut
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved Saudi Paper Manufacturing Company’s (SPMC) request to trim the capital to SAR 245 million from SAR 450 million. SPMC’s shares will decrease to 24.5 million shares from 45 …
SPMC’s net profits amounted to SAR 4.7 million in Q1-18, against incurring SAR 6.3 million losses during Q1-17, according to a bourse filing
23 April 2018 04:49 PM SPMC turns profitable in Q1 on higher sales
Riyadh – Mubasher: Saudi Paper Manufacturing Company (SPMC) on Monday reported that it had turned a profit during the first quarter of 2018, against suffering losses in the year-ago period. SPMC’s net profits amounted to SAR 4.7 million in Q1-18, …
SPMC guaranteed the loan with its equipment and properties
3 January 2018 09:14 AM SIDF nods to SAR 37m loan rescheduling for Saudi Paper
Riyadh – Mubasher: Saudi Paper Manufacturing Company (SPMC) on Wednesday announced that the Saudi Industrial Development Fund (SIDF) has approved the rescheduling of one of its loans. The SAR 37 million loan will be repaid between 20 April 2019 …
The contract's period will start on 19 February 2018 until 19 November 2023
21 December 2017 10:40 AM Al Inma Bank reschedules SPMC's SAR 277m loan
Riyadh – Mubasher: Saudi Paper Manufacturing Company (SPMC) signed a SAR 277 million ($73.87 million) reschedule finance agreement with Al Inma Bank on Wednesday, 20 December. The contract's period will start on 19 February 2018 until 19 November …