Founded in 1989 and headquartered in Dammam, Saudi Arabia, Saudi Paper Manufacturing operates in the basic materials sector. The company's operations focus on the manufacturing sector, encompassing the procurement, production, and distribution of paper pulp and tissue paper. It was listed on the Saudi Stock Exchange "Saudi Tadawul" in June 2006 under the trading symbol "2300".
The company operates within the Saudi Paper Group, which includes the Saudi Recycling Company and the Saudi Paper Converting Company. The group also runs wholly-owned paper collection and recycling operations in the United Arab Emirates, Morocco, Bahrain, Jordan and Algeria. By the end of 2024, the company reported total revenue of around SAR 837 million and net profit of SAR 83.2 million.
Recent Leadership News
The Saudi Paper Manufacturing Company announced the termination of CEO Yasser bin Abdul Hamid Al-Bishri effective August 7, 2025, and approved the appointment of Abdulaziz bin Raed Al-Mashaal as the new CEO. Al-Mashaal previously held the position of Assistant CEO and Board member since 2021, with experience in leadership, strategic planning, and development.
Facts compiled by Executive Moves from publicly available news and press releases on 15 August 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
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