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Saudi Printing and Packaging Co. Announces the Submission of the Increase of the Company’s Capital through Debt Conversion Application File to CMA
Element List Explanation Introduction With reference to the announcement of Saudi Printing and Packaging Company (the “Company”) published on the website of the Saudi Stock Exchange (Tadawul) on 03/05/1446H corresponding to 05/11/2024G in relation to the recommendation of the Company’s board to increase its share capital by way of converting the outstanding debts owed to Alinma Bank, the Company announces the submission of the application file to increase its capital through debt conversion to the Capital Market Authority for its approval. Date of Submitting the Application File to CMA 2024-12-21 Corresponding to 1446-06-20 Application Subject The Company's capital increase by way of converting the outstanding debts owed to Alinma Bank, constituting a total amount of SAR (73,679,968) Date of Announcing Board Recommendation to Increase the Company’s Capital By Debt Conversion on Saudi Exchange’s Website 2024-11-05 Corresponding to 1446-05-03 Additional Information The Company will announce any further material developments in this respect in a timely manner as required under the relevant laws and regulations.