Saudi Paper Manufacturing Co (SPM) News - Mubasher Info
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31 May 06:30 PM

Saudi Paper Manufacturing Co (2300)

Last update: 03:10 PM market time.
58.00
0.75
1.31%
Open 58.40
Previous Close 57.25
High 58.50
Low 57.35
Stock Statistics
Volume 40,644
Turnover 2,353,239.55
All data are 15 minutes late during market session

News

The company aims to purchase raw materials
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
The company recorded net profits of SAR 4.11 million in Q3-20.
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
Photo Archive
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
The company has appointed auditing and legal offices to follow up with the case
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
Photo Archive
16 August 2020 04:22 PM Saudi Paper turns profitable in Q2
Riyadh – Mubasher: The Saudi Paper Manufacturing Company turned to profitability in the second quarter (Q2) of the year, gaining SAR 3.92 million in net profits, against SAR 15.44 million in net losses in Q2 of the last year. The positive …
Financial Results
The new CEO will commence his role as of 17 April 2020
18 March 2020 02:36 PM Saudi Paper appoints new CEO, chairman
Riyadh – Mubasher: The Saudi Paper Manufacturing Company on Wednesday announced the appointment of Yusry bin Abdulhamid Al Bishri as its new CEO, as of 17 April 2020, according to a bourse statement. Moreover, the board has decided to name Fahd …
General Assembly
Net losses decreased to SAR 27.47 million last year
27 February 2020 11:10 AM Saudi Paper narrows losses in 2019
Riyadh – Mubasher: The Saudi Paper Manufacturing Company reported a decline in net profits by 75.3%, as shown by its interim financial results. Net losses decreased to SAR 27.47 million in 2019, compared with SAR 111.22 million in 2018. The …
Financial Results
The appointment of a new chairman will be announced
19 February 2020 05:36 PM SPM dismisses chairman Fahad Al Dawood
Riyadh – Mubasher: The board of directors of the Saudi Paper Manufacturing Company decided to dismiss its chairman Fahad bin Mohamed Al Dawood citing violation of the rules. The appointment of a new chairman will be announced, following an …
Board of Directors
The loan will be paid in monthly premiums
29 January 2020 10:01 PM Saudi Paper reschedules SAR 160m loan with Riyad Bank
Riyadh – Mubasher: Saudi Paper Manufacturing (SPM) Company has signed a sharia-compliant credit facility agreement with Riyad Bank. The agreement is aimed at rescheduling of a SAR 160 million loan to be suitable to SPM’s financial conditions, …
Banking and Finance
Khalid Abu Hana has been appointed as the new CEO of SPM
22 January 2020 11:25 AM SPM appoints new CEO
Riyadh – Mubasher: Saudi Paper Manufacturing (SPM) Company announced that its board of directors has approved the Chairman’s resolution to terminate the CEO’s contract. Moreover, the board has decided to appoint Khalid Abu Hana as the company’s …
Board of Directors
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, …
Banking and Finance
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 …
Company News
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 …
Markets Regulations
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, …
Corporate Actions
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 …
Company News
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. …
Corporate Actions
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, …
Corporate Actions
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 …
Companies Investments
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 …
Board of Directors
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 …
Company News
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 …
Corporate Actions
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 …
Financial Results
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 …
Company News
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 …
Board of Directors
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 …
Banking and Finance