Saudi Paper Manufacturing Company authorizes a Buyback Plan.

Saudi Paper Manufacturing Co SJSC. is a Saudi Arabia-based joint stock company engaged in the production and distribution of a range of paper products and tissue paper, as well as collecting, filtering and pressing solid waste paper, carton, plastic, metal and glass. The Company offers its products under brand names, such as Manadeel, Excellence, Mouchoir, Zaman, City, Pure and Weekend. The Company is active both in local and international markets. The Company runs paper collection and recycling operations through its wholly owned subsidiaries in the United Arab Emirates, Morocco, Bahrain, Jordan and Algeria, including Saudi Paper Converting Company, Saudi Paper Recycling Company, Al Madar Paper Trading Company and Saudi Investment and Industrial Development Company, among others.