Saudi Paper Manufacturing Co (2300)

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News

8 January 03:25 PM Saudi Paper, Bank ABC pen EUR 25m facility deal

Riyadh – Mubasher: The Saudi Paper Manufacturing Company inked an agreement with Arab Banking Corporation (Bank ABC) to provide credit facilities valued at EUR 24.90 million, according to a bourse filing. In line with its strategy and growth …

Banking and Finance

2 November 2023 06:30 PM Saudi Paper posts 28.5% rise in 9M-23 net profit

Riyadh – Mubasher: The Saudi Paper Manufacturing Company reported a net profit after Zakat and tax of SAR 52.12 million in the first nine months (9M) of 2023, up by 28.47% from SAR 40.57 million in the same period of 2022. Earnings per share (EPS) …

Financial Results

18 June 2023 11:06 AM Saudi Paper expands business via branch in UAE

Riyadh – Mubasher: The Saudi Paper Manufacturing Company has opened a branch for one of its subsidiaries in Dubai, according to a bourse disclosure. The inauguration in the UAE comes with the framework of the company's expansion strategy to open …

Companies Investments

18 October 2022 11:37 PM Saudi Paper’s shareholders approve 75.5% capital hike via rights issue

Riyadh – Mubasher: The Saudi Paper Manufacturing Company’s shareholders greenlighted a SAR 145 million (75.52%) capital hike to SAR 337 million from SAR 192 million, according to a bourse filing. In order to carry out the raise process, the …

General Assembly

15 September 2022 04:59 PM CMA approves Saudi Paper’s capital hike request

Riyadh – Mubasher: The Capital Market Authority (CMA) has approved the Saudi Paper Manufacturing Company’s request to increase its capital by SAR 145 million by way of a rights issue. The CMA granted its approval after the Tadawul-listed company …

Companies Investments

5 June 2022 02:48 PM Saudi Paper inks SAR 300m deal to purchase 5th production line

Riyadh - Mubasher: The Saudi Paper Manufacturing Company has reached a SAR 300 million agreement with TOSCOTEC, an Italian manufacturer of paper machines, to purchase a new machine in the second industrial city in Saudi Arabia's Dammam and produce …

Companies Investments

12 January 2022 05:48 PM Saudi Paper commences operations of Roots Factory in Kuwait

Riyadh – Mubasher: Saudi Paper Manufacturing Company has started operations of Roots Factory in Kuwait after installing all machines and ending the trial run, according to a bourse disclosure. The company attributed the postponement of commencing …

Companies Investments

2 December 2021 10:05 AM Saudi Paper appoints financial advisor to offer rights issue for capital raise

Riyadh – Mubasher: Saudi Paper Manufacturing Company has appointed Al Anma Investment Company as the financial advisor to offer right issues to increase the company's capital. The company will submit the file to the Capital Market Authority …

Companies Investments

17 November 2021 04:29 PM Saudi Paper's unit appoints advisor for listing in Nomu

Riyadh – Mubasher: East Gas, a 26%-owned subsidiary of Saudi Paper Manufacturing Company, has appointed Arbah Financial Company as a financial advisor for its listing in the parallel Saudi market (Nomu). The Saudi Paper Manufacturing received a …

Companies Investments

18 October 2021 05:06 PM Saudi Paper’s board proposes SAR 145m capital raise

Riyadh – Mubasher: The board of Saudi Paper Manufacturing Company has recommended on 18 October to increase the capital through a rights issue. The company plans to raise the capital by SAR 145 million to support its expansion plans and future …

Board of Directors

28 July 2021 05:09 PM Saudi Paper’s net profits in H1-21 jump 498%

Riyadh – Mubasher: Saudi Paper Manufacturing Company recorded a net profit after Zakat and tax worth SAR 29.2 million in the first half (H1) of 2021, a leap of 498% from SAR 4.88 million in H1-20. Earnings per share amounted to SAR 1.53 in H1-21, …

Financial Results

12 July 2021 05:29 PM Saudi Paper to reschedule SAR 6.75m financing via deal with Al Rajhi

Riyadh – Mubasher: Saudi Paper Manufacturing Company has signed a credit facility agreement with Al Rajhi Bank to reschedule existing financing worth SAR 67.52 million, according to a bourse filing on Monday. The company has rescheduled the …

Banking and Finance

19 May 2021 05:20 PM Saudi Paper to boost production capacity through SAR 9m deal

Riyadh – Mubasher: Saudi Paper Manufacturing Company signed an agreement worth SAR 9.2 million with Taiwan’s Ocean Associate Company to purchase new machines that will increase the production capacity of tissue paper by 3,600 tonnes per year. The …

Companies Investments

18 May 2021 11:28 AM Saudi Paper signs SAR 58m deal with Italy’s Toscotec

Riyadh – Mubasher: Saudi Paper Manufacturing Company has signed an agreement worth SAR 58 million with the Italian company Toscotec to provide the latest technologies and solutions for tissue paper producers worldwide. The Saudi firm aims to …

Companies Investments

2 May 2021 02:39 PM Saudi Paper appoints Chairman, Vice Chairman

Riyadh – Mubasher: Saudi Paper Manufacturing Company announced the appointment of Abdullah bin Abdul Rahman Al Kharashi as the Chairman of the board for a three-year term starting 27 April 2021 and until 26 April 2024. The company also appointed …

Management Decisions

11 April 2021 05:13 PM Saudi Paper to obtain SAR 50m loan

Riyadh – Mubasher: Saudi Paper Manufacturing Company received the Ministry of Finance's final approval to obtain additional credit facilities worth SAR 50 million, according to a disclosure to Tadawul on Sunday. The listed firm has signed a …

Companies Investments

2 March 2021 09:25 AM Saudi Paper swings to quarterly profits

Riyadh – Mubasher: The Saudi Paper Manufacturing Company turned profitable in the fourth quarter (Q4) of 2020, gaining SAR 6.24 million in net earnings, versus SAR 11.39 million in net losses in the same period in 2019. The turn to profits in …

Financial Results

31 January 2021 00:09 PM Saudi Paper files lawsuit against ex-CEO for violations worth SAR 40m

Riyadh – Mubasher: The Saudi Paper Manufacturing Company has filed a liability lawsuit with the Commercial Court against ex-board member and CEO, Hassan Bin Mrizn Asiree. The former CEO faces financial and administrative violations valued at about …

Management Decisions

7 January 2021 02:58 PM Nineteen Tadawul-listed firms raise capital by SAR 12.6bn in 2020

Riyadh – Mubasher: Nineteen Tadawul-listed companies have hiked their capital by SAR 12.57 billion during 2020, whereas eleven others lowered their capital meanwhile.   The capital hike processes were implemented by way of a rights issue, issuance …

Management Decisions

3 January 2021 11:23 AM Saudi Paper’s remaining rights issue shares 433.1% subscribed

Riyadh – Mubasher: The Saudi Paper Manufacturing Company on Sunday announced the results of the rump offering and the final allocation of the company’s rights issue shares, with a 433.1% coverage. A total of 596,414 shares have been sold at SAR …

Companies Investments

27 December 2020 09:38 AM Saudi Paper rights issue 94.04% subscribed

Riyadh – Mubasher: The Saudi Paper Manufacturing Company said a total of 9.403 million shares from the new offered shares have been subscribed at a value of SAR 94 million. The company's rights issue was subscribed by 94.04%, according to a stock …

Companies Investments

7 December 2020 00:13 PM Saudi Paper's EGM agrees SAR 100m capital raise

Riyadh – Mubasher: The extraordinary general meeting (EGM) of Saudi Paper Manufacturing Company approved to raise the capital by 108.7% or SAR 100 million to SAR 192 million from SAR 92 million by offering priority rights. The number of the …

General Assembly

29 October 2020 10:51 AM Saudi Paper returns to profitability in Q3

Riyadh – Mubasher: The Saudi Paper Manufacturing Company swung back to profits of SAR 4.11 million in the third quarter (Q3) of 2020, versus losses of SAR 24.22 million in the same period in 2019. The move to profits was driven by the rise in …

Financial Results

9 September 2020 01:34 PM Marrakech Court attaches $4.13m property for Saudi Paper’s case

Riyadh – Mubasher: The Saudi Paper Manufacturing Company said its lawyer in Morocco received a court order issued from Marrakech Commercial Court mandating the attachment of new real estate property in guarantee of MAD 38 million ($4.13 million). …

Corporate Actions

31 August 2020 11:13 AM Saudi Paper discovers accounting manipulation

Riyadh – Mubasher: The Saudi Paper Manufacturing Company's Board of Directors and financial affairs department have detected a suspicious manipulation in the firm’s accounting entries for 2017. Fake accounting entries were created to cancel …

Board of Directors