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مباشر
Printing and Packaging Assembly reviews 89.4% capital cut
The Saudi Printing and Packaging Company has decided to invite its shareholders to attend the Extraordinary General Meeting on October 26, 2026, to discuss reducing the company's capital by up to 89.42%, from 652 million SAR to approximately 69 million SAR, in order to offset accumulated losses of 583 million SAR and improve its financial position. About 58.3 million shares will be canceled, decreasing the total number of shares from 65.2 million to 6.9 million, without affecting the company's obligations or operations. This reduction is part of a restructuring plan and requires shareholder approval, with electronic voting beginning on October 22, 2026.
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