09:50 AM EDT, 07/23/2026 (MT Newswires) -- Saudi Printing and Packaging Co (SASE:4270) said Thursday it submitted its application to the Capital Market Authority to reduce its capital by 89.42%. The Saudi Arabia-listed paper and plastics manufacturer plans to cancel 58,309,630 shares to reduce the company's capital from 652.1 million to 69 million riyals to offset the company's losses. The reduction is subject to regulatory approvals, including a vote at the company's extraordinary general assembly.

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