Riyadh-Mubasher: Saudi Arabia’s Capital Market Authority (CMA) said the stock of Middle East Paper Co. (Mepco) will resume trading on the Saudi Stock Exchange (Tadawul) on Wednesday.

The company requested to halt its stock on Tuesday in preparation of announcing a material development related to its interim financial results for the period ended 30 June.

MEPCO on Tuesday restated its H1 net profit from SAR 35.5 million to SAR 42.8 million, indicating that the SAR 7.3 million in consultancy fees related to its IPO were fully borne by selling shareholders.