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 Tadawul’s statement on Tuesday.

The company will be suspended as per the Listing Rules for two business days starting from Tuesday, 5 November, until the Securities Depository Center Company (Edaa) reflects shares reduction on investors’ portfolios.

lifting the suspension of trading will be the end of Wednesday, 6 November.