The Saudi Paper Manufacturing Co. is a Saudi joint-stock company established in 1989. It was listed on the Saudi Stock Exchange “Saudi Tadawul” in June 2006 under the name “SPM” with the trading symbol “2300” and ISIN “SA000A0JK4U9.” Its shares are traded on the main market in the basic materials sector. The company’s capital is SAR337 million.
Establishment of the Saudi Paper Manufacturing Co.
The Saudi Paper Manufacturing Co. began in 1991 as a small sole proprietorship, producing large tissue paper rolls. In 1992, it established its first production unit with a capacity of 16,000 t.
The company underwent several development phases. In 2014, it rebuilt its first production line with an annual production capacity of 28,000 t. In 2022, it launched the project to reconstruct Paper Machine Two in collaboration with the global company Tesco Tech, installing a complete production line with an annual capacity of thirty thousand t.
Activity of the Saudi Paper Manufacturing Co.
The Saudi Paper Manufacturing Co. operates as part of the Saudi Paper Group (SPG) within an integrated ecosystem. The group includes two additional companies: the Saudi Recycling Company and the Saudi Paper Converting Company.
The operations of the Saudi Paper Manufacturing Co. focus on the manufacturing sector, encompassing the procurement, production, and distribution of paper pulp and tissue paper. It is the largest manufacturer of jumbo tissue rolls in the Kingdom and one of the largest in the Middle East.
The Saudi Recycling Co., established in 2002, specializes in collecting and sorting paper for use in the de-inking unit and selling it to other paper roll manufacturers. On the other hand, the Saudi Paper Converting Company, established in 2003, serves as the investment arm in the paper converting sector. It focuses on producing high-quality finished paper products under well-known brands such as Meshwar, City, Excellence, and SBC Pro.
Expansion of the SPG activities
SPG established fully or partially owned companies to expand its operations and investments across the Arabian Gulf and the Middle East, including al-Jothoor Paper Tissue Manufacturing Company (Kuwait), al-Madar Paper Trading Company (UAE), al-Madar Paper Company (Algeria), al-Madar Paper Company (Morocco), al-Madar Company (Jordan), the Jordanian-Saudi Paper Converting Company, and another paper converting operation in Morocco.
The Saudi Paper Manufacturing Company (SPMC) is considered one of the leading tissue manufacturers in the Arab World. Its business activity is mainly comprised of the manufacture of high quality tissue paper to meet the needs of local and international markets. In addition, SPMC saves the environment and benefits the community through its interest in paper recycling and reducing its reliance on virgin pulp which is manufactured through the consumption of forest trees. SPMC is committed to holistically developing its activities and manufacturing capabilities through its interdependent recycling, manufacturing and converting operations. These interdependencies contribute to the development of the group
Company History
In 1989, Saudi Paper Manufacturing Company started as a branch of private enterprise establishment.In 1991 Saudi Paper Manufacturing Co. started paper manufacturing activities .In 1992, the first paper machine was installed to produce 16,000 ton/year of jumbo tissue paper rolls. In 1994, a de-inking plant was installed to treat waste paper and turn it into raw material suitable for tissue machine production. In 1995, a second paper machine was installed to produce 24,000 ton/year. In 2001, a third 30,000 ton/year paper machine was installed. In 2009 Forth paper machine was installed to produce 55,000 ton/year. In 2014 the first production line for hygienic papers production was developed and increased to 28,000 ton/yeas, bringing the total production capacity of tissue paper to 137,000 ton/year. Saudi Recycling Co. was established in 2002 to collect all kinds of waste paper, partly for in-house use in the de-inking plant and the rest is sold to outside costumers. . Saudi Converting Co. was established in 2003 to produce several consumer tissue paper products
Company Bylaws
Equity Profile
- Authorized Capital (^)370,700,000
- Issued Shares37,070,000
- Paid Capital (^)370,700,000
- Par Value/Share10
- Paid Up Value/Share10
Last Update :2024-04-28
Investment limits
There are no investment limits on the company’s shares as per the amended Rules for Qualified Foreign Financial Institutions Investment in Listed Securities and Instructions for the Foreign Strategic Investors Ownership in Listed Companies based on company’s bylaw and the issued instructions by the related regulators and supervisory authorities.
- Company Details
- BOARD OF DIRECTORS AND SENIOR EXECUTIVES INFORMATION
- Date Established1989/11/13
- Financial Year End31/12
- Listing Date2006/06/14
- External Auditors[El Sayed El Ayouty And Co]
- ISIN CODESA000A0JK4U9
- Number of Employees1074
Investor Relations
Contact Name:
Investor Relations Officer
Company Address:
Dammam Second Industrial City PO Box 7169 Dammam 34326 259
Contact Details:
Telephone: 920003558 -1042
Fax : 0138123209
Email : [email protected]
