1. Saudi Arabia Stocks

  2. •

    Process industries

  3. •

    Pulp & paper
Saudi Paper Manufacturing Co.

Saudi Paper Manufacturing Co.

TTADAWUL:2300
48.80
SAR
-1.65
(-3.27%)
3.01EPS
17.84P/E
2.08BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
28.21
26.06
20.65
16.41
17.74
18.62
18.13
19.57
29.46
21.74
21.95
22.66
23.01
24.75
Basic EPS, GAAP
1.09
0.86
-4.37
-2.47
-1.68
-3.97
-0.96
0.56
1.52
1.47
1.97
2.25
1.8
3.16
Free Cash Flow per Basic Share
4.81
2.1
0.06
1.68
-1.23
0.55
0.92
2.7
-1.03
0.29
0.09
-1.13
-1.28
1.23
Dividend per Share
- -
0.04
- -
- -
- -
- -
- -
- -
- -
- -
- -
1.2
- -
- -
Book Value per Share
73.55
22.64
13.86
11.28
6.75
3.44
2.5
5.81
6.64
10.83
12.79
13.88
15.69
17.47
Tangible Book Value per Share
73.55
21.86
13.08
10.55
6.08
2.81
1.45
4.17
5.86
10.17
12.15
13.24
15.06
16.85
Basic Weighted Avg Shares
29
29
29
29
29
29
29
27
20
32
37
37
37
37
Sales/Revenue/Turnover
820
758
601
477
516
541
527
532
589
692
811
837
850
915
Operating Margin (%)
22.15
7.25
-12.82
-6.53
-0.03
-7.94
4.49
9.23
6.67
7.89
14.68
13.54
12.7
16.84
Depreciation Expense
- -
50
55
53
51
56
52
59
57
56
60
59
61
65
Net Income, GAAP
32
25
-127
-72
-49
-115
-28
15
30
47
73
83
67
117
Effective Tax Rate (%)
- -
8.54
- -
- -
- -
- -
- -
20.56
8.85
3.65
10.2
2.98
3.74
1.92
Profit Margin (%)
3.86
3.31
-21.17
-15.02
-9.5
-21.32
-5.29
2.84
5.14
6.78
8.99
9.94
7.84
12.75
Working Capital
4
11
-51
-34
-26
-147
-198
-152
-23
65
43
4
2
182
LT Debt
- -
357
473
487
547
422
366
373
341
269
173
205
193
293
Total Equity
682
663
407
332
201
105
74
91
214
402
473
514
581
647
Return on Invested Capital (%)
5.26
3.57
- -
- -
- -
- -
- -
7.2
4.56
8.45
12.11
11.86
10.11
14.14
Return on Capital (%)
2.37
1.74
- -
- -
- -
- -
- -
4.44
6.23
8.24
11.8
12.3
9.29
14.11
Return on Common Equity (%)
4.6
3.76
-23.95
-19.62
-18.69
-77.94
-32.29
18.66
20.07
15.28
16.69
16.89
12.21
19.54

Capital Structure

SAR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
353
379
182
LT Borrowings
182
222
284
LT Finance Leases
11
10
9
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
37
37
37
Market Capitalization
2,293
2,082
2,081

Working Capital

SAR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
561
608
554
Cash, Cash Equivalents & STI
18
91
20
Accounts Receivable, Net
291
320
336
Inventories
196
136
147
Total Current Liabilities
559
515
372
Payables & Accruals
- -
- -
- -
ST Debt
353
379
182
Deferred Revenue
- -
- -
- -

Growth Rates

SAR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
15.07%
52.67%
13.11%
Free Cash Flow
112.35%
-344.54%
13.04%
Net Income, GAAP
3.56%
41.03%
-19.87%
Sales/Revenue/Turnover
4.1%
10.04%
1.56%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
229
202
215
190
837
2025
228
209
189
224
850
2026
251
250
- -
- -
- -

Quarterly Earnings Per Share

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.98
0.7
0.56
0.01
2.25
2025
0.56
0.38
0.39
0.48
1.8
2026
0.92
1.36
- -
- -
- -

Quarterly Dividends Per Share

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.75
- -
1.2
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Abdulaziz bin Raed Al-Mishaal
Full Time Employees
1,413
Sector
Process industries
Industry
Pulp & paper
Address
Industrial City 2 Dammam Eastern Province Saudi Arabia 34326-7169
IPO Date
Jun 14, 2006
Website
saudipaper.com
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Business
Saudi Paper Manufacturing Company Saudi Paper Manufacturing Company (2300.SR) manufactures and sells paper pulp, jumbo tissue rolls, and converted tissue paper products including facial tissues, kitchen towels, maxi rolls, toilet paper, interfold towels, table napkins, under pads, pocket tissues, napkins, and industrial tissues under brands such as Mouchoir, Excellence, City, SPC Pro, Manadeel, Zaman, Pure, and Weekend; it also engages in the collection, sorting, transportation, and pressing of waste paper through its Trading and Other segment. The company operates primarily in the Kingdom of Saudi Arabia with exports to Gulf Cooperation Council countries and international markets, supported by paper recycling subsidiaries in the United Arab Emirates, Morocco, Bahrain, Jordan, and a branch in Dubai. Founded on November 13, 1989, and headquartered in Dammam, Saudi Arabia, it forms part of the Saudi Paper Group alongside the Saudi Recycling Company and Saudi Paper Converting Company, with a total production capacity of 190,000 tons annually following recent expansions. In recent developments, the company completed the fifth production line in September 2025 with Italian firm Toscotec, adding 60,000 tons of sanitary paper rolls capacity to reach 190,000 tons overall and support local and export growth; it renewed credit facilities including a SAR 125 million agreement with Al Rajhi Bank and SAR 75 million from Riyad Bank, received a loan installment from the Saudi Industrial Development Fund, sold its entire stake in a Moroccan subsidiary for 19 million Moroccan dirhams, repaid a SAR 70.3 million loan to Bank ABC, and opened a Dubai branch while completing a capital increase via rights issue in 2024.