RIYADH: Saudi Paper Manufacturing Co.’s shares topped the gainers on Tuesday, after it received shareholders’ approval to increase capital by SR145 million ($39 million).
The shares of the paper manufacturer firm jumped 9.94 percent to end Tuesday's session at SR34.85.
This capital increase will bring the company’s capital to SR337 million from SR192 million, according to a bourse filing.
In its first-half results, it reported a 19 percent increase in profit to SR34 million, from SR29 million in the previous year's period.
