Riyadh – Mubasher: The board of Saudi Printing and Packaging Company recommended reducing the capital to SAR 68.97 million from SAR 652.07 million on 1 June 2026.

The 89.42% capital reduction aims to offset an amount of SAR 583.09 million of the company’s accumulated losses registered at the end of March 2026, according to a bourse filing.

However, there will be no material impact on the company’s obligations, operations, financial performance, operational performance, or organizational position as a result of the transaction.

Saudi Printing will cancel 58.30 million shares, equivalent to 0.89 share every owned share. The new capital will be distributed over 6.89 million shares, instead of 65.20 million shares.

The company appointed Wasatah Capital as the financial advisor for the capital reduction process, which is still subject to obtaining the extraordinary general meeting’s (EGM) approval.