| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement of the Saudi Paper Manufacturing Company on the Tadawul website on 02-18-1446 AH corresponding to 08-22-2024 AD regarding material developments in one of the companies in which it owns 26% of its capital share amounting to 80 million riyals, that East Gas Company submitted a request on 02-17-1446 AH corresponding to 08-21-2024 AD |
The Capital Market Authority has requested initial approval for the private listing of 20% of its capital on the parallel market "Nomu", in preparation for the company's subsequent listing on the Nomu market after completing the required approvals from the Capital Market Authority
The Saudi Paper Manufacturing Company announces that it has received a notification from East Gas Company on 01/06/2025 AD stating that its Board of Directors has issued a decision to postpone the company’s listing on the parallel market (Nomu) for several reasons, including:
1- Completing the company's strategic plan and planning its implementation.
2- Timing the listing or private placement in the current market situation.
3- Studying other options available to ensure the successful listing process.
The company is committed to notifying its shareholders of any new developments in a timely manner.
1. Completion of the company's strategic plan project and planning for its implementation.
2. Timing of the listing or private placement in the current market situation.
3. Study of other options available to ensure the successful listing process.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.