| Element List | Explanation |
|---|---|
| Date of Publishing the Previous Announcement Sought to be Corrected on Saudi Exchange’s Website | 2026-06-01 Corresponding to 1447-12-15 |
| Hyperlink to the Previous Announcement | Click Here |
| Incorrect statements in the previous announcement | -Capital after reduction: SAR 68,974,330. -Number of shares after reduction: 6,897,433 shares. -Reason for capital reduction: Restructuring the company's capital to offset accumulated losses amounting to SAR 583,096,305. -Method of capital reduction: Cancellation of 58,309,631 shares, equivalent to 0.8942 shares for every 1 share held resulting in a post-reduction capital of SAR 68,974,330. |
| Correct Statement | -Capital after reduction: SAR 68,974,340 -Number of shares after reduction: 6,897,434 shares -Reason for capital reduction: Restructuring the company's capital to offset accumulated losses amounting to SAR 583,096,300. -Method of capital reduction: Cancellation of 58,309,630 shares equivalent to 0.8942 shares for every 1 share held resulting in a post-reduction capital of SAR 68,974,340. |
| Additional Information | It was indicated that the number of shares recommended for cancellation was 58,309,631 instead of the correct number of 58,309,630. |
Correction announcement from Saudi Printing and Packaging Co. in regards to the Board of Directors' Recommendation to reduce the Company's Capital
AI Summary
- Saudi Printing and Packaging Co. corrected figures for its proposed capital reduction intended to offset accumulated losses of SAR 583,096,300.
- The corrected post-reduction capital is SAR 68,974,340, consisting of 6,897,434 shares.
- The total number of shares to be cancelled was adjusted to 58,309,630, based on a ratio of 0.8942 shares cancelled for every 1 share held.
