Paper Manufacturing GA to discuss capital increase to SR145 ‎mln

The Board of Directors of (The Saudi Paper Manufacturing Company) is pleased to invite the shareholders to participate and vote in the (Extraordinary) General Assembly meeting (the first meeting), which is scheduled to be held, God willing, at 6:30 pm on Monday 21/03/1444 corresponding to 17/10/2022 AD, by means of modern technology.

Meeting Agenda:

• Voting on the board of directors’ recommendation to increase the capital by offering rights issue, amounting to 145,000,000 riyals, by offering rights issues of 14,500,000 new ordinary shares, bringing the capital increase from 192,000,000 riyals to 337,000,000 riyals, with an increase of 75.52 %.

The meeting is valid if attended by shareholders representing at least half of the capital in accordance with the company’s articles of association. If the necessary quorum is not available to hold this meeting, the second meeting will be held an hour after the end of the period specified for convening the first meeting, and the second meeting is valid if attended by shareholders representing a quarter of the capital The money, at least, according to what is stated in the company’s articles of association.

 Shareholders registered in Tadawulaty services can vote electronically on the assembly’s articles starting at 01:00 AM on 17/03/1444 corresponding to 13/10/2022 AD until the end of the time of the assembly, and registration and voting in Tadawulati services will be available and free for all shareholders using the link next one

www.tadawulaty.com.sa