The CMA has approved the application made by The Saudi Paper Company (SPM) to increase it`s capital from SR 240.000.000 to SR 300.000.000 by issuing of one bonus share for every four shares owned by the shareholders who are registered in the shareholders register at the closing of the trading day that coincides with the extraordinary general meeting, provided that such increase should be paid by transfer of an amount of SR (60.000.000) from the retained profits. Consequently, shares shall be increased from (24.000.000) share to (30.000.000) share, by an increase of (6.000.000) share. The bonus shares shall be confined with the shareholders who are registered at the closing of the trading day that coincides with the extraordinary general meeting, which date shall be fixed later by the company board.