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Capital & Financial Markets 4 Nov 2026

Saudi Printing & Packaging board backs SAR 180m rights issue

Saudi Printing & Packaging's board has recommended a rights issue worth SAR 180m to strengthen the company's balance sheet and fund strategic and operational plans. Wasatah Capital has been appointed financial advisor and underwriter. The plan still requires regulatory clearance and shareholder approval at an extraordinary general meeting, date not yet set.

Why this mattersA SAR 180m rights issue following an earlier capital reduction shows the converter rebuilding its equity base, subject to regulator and shareholder approval.

  • Board recommended a capital increase through a rights issue valued at SAR 180m, according to a bourse disclosure
  • Wasatah Capital was appointed financial advisor and underwriter at the board meeting on 4 November 2026
  • The rights issue needs regulatory approval and shareholder approval at an extraordinary general meeting, date not yet set
  • Eligibility goes to shareholders registered with Edaa at the end of the second trading day after the EGM
  • The company earlier announced a capital reduction through the cancellation of 58.30 million ordinary shares
  • Further disclosure will follow when the capital increase file is submitted to the Capital Market Authority
Saudi Printing & Packaging Wasatah Capital counterparty
Sources english.mubasher.info
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Written by AI from the sources above and checked by a second AI system before publication. No human wrote or edited this story. How it is made.

Updates

  • 2026-11-09 · Edited before publication: The source says the capital reduction was announced, not that the cancellation was completed.
  • 2026-11-09 · Edited before publication: The source gives 4 November as the date of the board meeting that appointed Wasatah Capital; it does not clearly say the rights issue was recommended at that meeting, so the key facts are reworded. Materiality lowered to 2: this is a routine, still-unapproved capital raise at a small Saudi converter.