Newsroom
Saudi Paper Enhances Financial Position with Sale of Moroccan Subsidiary
By KlickAnalytics Data Insights | October 2, 2024 08:04AM ET
- Proceeds from the transaction to be used for general corporate purposes, specifically repayment of high-cost borrowings
- Sale deal subject to usual conditions, regulations, and procedures followed in Morocco
In a strategic move to strengthen its financial position and boost cash liquidity, the Saudi Paper Manufacturing Company has successfully sold its entire share in the Moroccan Paper Manufacturing Company at a value of MAD 19 million. The sold entity, fully owned by the Saudi Investment and Industrial Development Company, a subsidiary of Saudi Paper, had no book value as per the company's consolidated financial statements during the second quarter (Q2) of 2024 after reducing the value of the assets amounting to SAR 13.60 million.
This transaction aligns with Saudi Paper's strategy to invest in promising opportunities across the local market. The proceeds from the sale deal will be utilized for general corporate purposes, with a specific focus on repaying a portion of the company's high-cost borrowings. The sale agreement is subject to the customary conditions, regulations, and procedures followed in Morocco, ensuring a seamless transition of ownership.
Back in July, Saudi Paper secured a SAR 150 million loan from Emirates NBD to enhance its operational operations. This recent sale of shares in the Moroccan firm underscores the company's commitment to financial stability and its efforts to optimize resources for future growth and development. Exciting times ahead for Saudi Paper as it continues to explore new avenues for investment and expansion in the market.
Ask the market a question. Get a calculated answer.
The AI is not a chatbot bolted onto a document store. It calls the same analytics engine that powers every screen on this platform — so what comes back is a number it computed from raw history, with the command that produced it.
86,000+ instruments
Global equities, ETFs, funds, options, FX, commodities, crypto, economics, filings, transcripts and news — one normalised symbol universe with adjusted history.
A real analytics engine
Screening, backtesting, technicals, options analytics, correlations, seasonality and factor models — computed on demand from raw prices, never a stale cache.
It shows its working
Answers arrive with the charts, tables and tool calls behind them, so you can check the number instead of trusting a paraphrase.
Your own documents
Upload filings, decks and research. Ask across them and the answer cites the page it came from.
Agents and workflows
Multi-step research that runs the platform's tools for you — screen, pull the history, compute, compare, then write it up.
MCP, CLI and API
The same command catalogue from Claude, your own agent, a shell or your pipeline. The answer on screen is the answer your job gets at 4am.
You ask
“How does NVDA usually trade through earnings?”
It calls
→ ka.options_expected_move(NVDA)
It answers
NVDA has averaged a 9.2% absolute move on the day after earnings and closed higher 67% of the time. Two in three reactions land between −4.2% and +16.3% — the distribution is skewed right, not symmetric.
Every figure computed live from our own history — not scraped, not summarised.
Or start with