Riyadh — Mubasher: The Capital Market Authority (CMA) has issued its approval for Saudi Printing and Packaging Company to significantly reduce its share capital by nearly 90%, according to a  bourse filing on 31 August 2026.

Under the approved plan, the company will decrease its capital from SAR 652.07 million to SAR 68.97 million.

The capital restructuring involves a corresponding reduction in the total number of outstanding shares, which will drop from 65.20 million shares to 6.89 million shares.

The regulator stated that this approval is conditional upon the company obtaining further consent from its shareholders during an upcoming extraordinary general assembly meeting, as well as the completion of all necessary legal and regulatory procedures.

Saudi Printing is expected to publish a detailed report outlining the proposed method for the capital reduction and its anticipated impact on operations.

This disclosure will be made available to investors ahead of the general assembly to facilitate an informed voting process.

The CMA clarified that its approval, regarding the file that was submitted on 23 July 2026, confirms compliance with the Capital Market Law and its executive regulations but does not constitute an endorsement of the commercial feasibility of the capital reduction.

The board of Saudi Printing initially recommended the capital cut by SAR 583.09 million in June 2026.