Saudi Paper Manufacturing Co. Announce the Result of Purchase for it’s Shares ( One Tranche )

Saudi Paper Manufacturing Co. Announce the Result of Purchase for it’s Shares ( One Tranche )

27 November 2023 04:02 PM

SPM

2300

4.10%

38.05

1.50

Element List

Explanation

Introduction

Saudi Paper Manufacturing (SPM) announces the completion of purchasing its shares allocated to as treasury shares, This is based on the approval of the EGM held on 01/29/2023, corresponding to 07/07/1444 AH, the results of which were published on the Tadawul website on 01/30/2023 , corresponding to 07/08/1444 AH. Accordingly, the company confirms that it has completed the entire process of purchasing the required shares, and that no additional shares will be purchased during the specified purchase period referred to below.

Date of Posting the Approval of the General Assembly on the Purchase on Tadawul's Website

2023-01-30 Corresponding to 1444-07-08

Purchase Period

Within a maximum period of twelve (12) months from the EGM approval

Number of the Purchased Shares

105262

Value of the Purchased Shares

3,882,987.34 SR

Average Purchase Price Per Share

36.89

Saudi Paper Manufacturing Co. Announce the Result of Purchase for it’s Shares ( One Tranche )