Saudi Paper Manufacturing gets CMA approval to lift capital to $90m 

RIYADH: Saudi Paper Manufacturing Co. received the Capital Market Authority’s approval to increase its capital by SR145 million ($39 million).

This will bring the company’s capital to SR337 million from SR192 million, according to a statement by CMA.

Earlier, the company announced its first-half profit, reporting a 19 percent increase to SR34 million, from SR29 million in the previous year's period.