>
COMMANDS Global: GP Symbol: IBM FA
↑↓ Navigate Enter Open Esc Close ` Toggle

Newsroom

Articles > Capital Market Authority (CMA)

Capital Market Authority (CMA)

By KlickAnalytics Data Insights  |   August 31, 2026 03:03PM ET

- SPPC share capital to reduce by 90%
- Approval subject to shareholder consent and legal procedures

Riyadh — The Capital Market Authority (CMA) has granted approval to Saudi Printing and Packaging Company for a significant reduction in its share capital, as per a bourse filing on 31 August 2026. The company's capital will decrease from SAR 652.07 million to SAR 68.97 million, resulting in a proportional decrease in outstanding shares from 65.20 million to 6.89 million. The final approval is contingent on shareholder approval at an upcoming general assembly meeting and the completion of all legal requirements.

This decision comes after the company's board recommended a SAR 583.09 million capital reduction in June 2026. Saudi Printing is expected to release detailed information about the proposed capital restructuring to shareholders for their consideration before the assembly meeting. The CMA emphasized that its approval signifies compliance with regulations and laws but does not reflect an endorsement of the financial viability of the capital reduction strategy.

Investors are advised to stay tuned for further updates as Saudi Printing progresses with its capital reduction plan. The company will provide insights into the implementation process and the potential impact on its operations in the forthcoming detailed report. With this latest development, Saudi Printing marks a significant milestone in its corporate actions, paving the way for a new phase in its financial structure.
Disclaimer: the above is a summary showing certain market information. KlickAnalytics is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from various resources and more. Communications displaying market prices, data and other information available in this post are meant for purely for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.

Market News ×
Loading news…