The General Assembly of “Printing and Packaging” agrees to increase the capital by transferring outstanding debts

The Saudi Printing and Packaging Company announced "Printing and packaging"The results of the extraordinary general assembly meeting (first meeting), which was held yesterday, Sunday.

The company said in a statement on its website "Saudi Arabia trading""The results of the vote on the Assembly’s agenda included:

1. Approval of increasing the company’s capital by transferring the debts owed to Alinma Bank, amounting to a total of (73,679,968) riyals, by issuing new shares in favor of Alinma Bank and Alinma Financial Company (provided that the issuance price of these shares is determined based on the closing price of the trading day preceding the date of the extraordinary general assembly of the deal, in accordance with what is included in the terms and conditions of the settlement agreements with Alinma Bank), in accordance with the details described in the shareholders’ circular. Including approval of the following matters related to the deal:

‌a. Terms and conditions of the settlement agreement concluded with Alinma Bank and Alinma Financial Company related to the process of increasing capital through debt transfer.

‌B. Amending Article (7) of the company’s bylaws relating to capital.

‌C. Amending Article (8) of the company’s bylaws related to subscription to shares.

‌D. Authorizing the Board of Directors of the Company, or any person authorized by the Board of Directors, to issue any decision or take any action that may be necessary to implement any of the above-mentioned decisions

2. Approval of the Board of Directors’ decision to appoint Ali bin Hassan bin Muhammad Al-Jamil (independent member) to the Board of Directors starting from the date of his appointment on 01/05/2026 AD to complete the Board’s session until the end date of the current session on 05/06/2027 AD, succeeding the previous member Muhammad bin Mutlaq Al-Amaj. (Independent member).

The company explained that the number of new shares issued to both Alinma Bank and Alinma Financial Company: 5,207,064 shares.

The total number of company shares before the increase is 60 million shares, and after the increase: 65,207,064 shares.

While the total capital before the increase is 600 million riyals, and after the increase: 652,070,640 Riyals, with a change in capital of 8.7%.

The eligibility date for the new shares that will be issued as a result of the deal will be: 02-08-2026 AD.

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