| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement of Saudi Printing and Packaging Company published on the Saudi Exchange (Tadawul) website on 20/06/1446H (corresponding to 21/12/2024G) regarding the submission of the Company’s application to increase its capital through the conversion of debts to the Capital Market Authority for obtaining its approval, the Company is pleased to announce that it has received the approval of the Capital Market Authority dated 10/07/1447H (corresponding to 30/12/2025G) on the Company’s application to increase its capital through the conversion of debts owed to Alinma Bank amounting to SAR 73,679,968 into ordinary shares of the Company. The Company will complete the procedures for convening an Extraordinary General Assembly of its shareholders in coordination with the relevant authorities and will announce the details thereof in due course. The shareholders’ circular related to the capital increase through debt conversion will also be published sufficiently in advance of the Extraordinary General Assembly. The Company will announce any material developments in this regard in due course in accordance with the applicable laws and regulations. |
| Date of Announcing the Application on Saudi Exchange’s Website | 2024-12-21 Corresponding to 1446-06-20 |
| Date of Submitting the File | 2024-12-21 Corresponding to 1446-06-20 |
| Application Status at CMA | The approval of the Capital Market Authority has been obtained on the Company’s application to increase its capital. |
| Other Substantial Updates | N/A |