Middle East Paper Co (1202)

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News

23 April 10:37 AM MEPCO rolls out agreement with global tech firm

Riyadh – Mubasher: Middle East Paper Company (MEPCO) inked an engineering and supply contract with J.M. Voith SE & Co. KG Company on 22 April 2024. The deal covers the manufacturing, supplying, and supervising the installation of the main machine …

Companies Investments

31 March 02:27 PM MEPCO turns to losses in 2023; revenues down 27%

Riyadh – Mubasher: Middle East Paper Company (MEPCO) shifted to net losses valued at SAR 87.63 million in 2023, against a net profit of SAR 270.73 million in 2022. The revenues witnessed an annual plunge of 26.98% to SAR 866.75 million in the …

Financial Results

8 November 2023 05:34 PM MEPCO swings to net losses in Q3, 9M-23

Riyadh – Mubasher: Middle East Paper Company (MEPCO) recorded a net loss after Zakat and tax of SAR 50.15 million in the first nine months (9M) of 2023, compared to a net profit of SAR 246.81 million in the same period of 2022. The company’s …

Financial Results

16 August 2023 06:36 PM MEPCO shifts to net loss in H1-23 on lower sales worth SAR 413m

Riyadh – Mubasher: Middle East Paper Company (MEPCO) suffered net losses amounting to SAR 29.86 million during the first half (H1) of 2023, compared with net profits of SAR 192.21 million in H1-22. The loss per share stood at SAR 0.40 in H1-23, …

Financial Results

24 May 2023 00:59 PM MEPCO’s board mulls cash dividends for 2022

Riyadh – Mubasher: The board of Middle East Paper Company (MEPCO) recommended cash dividends amounting to SAR 33.33 million for 2022. The firm will distribute SAR 0.50 per share for 66.66 million eligible shares, according to a bourse disclosure. …

Board of Directors

21 May 2023 02:27 PM MEPCO shifts to losses in Q1-23 interim results

Riyadh – Mubasher: Middle East Paper Company (MEPCO) turned to net losses after Zakat and tax worth SAR 7.10 million in the first quarter (Q1) of 2023, against net profits of SAR 93.02 million in Q1-22. Revenues amounted to SAR 223.94 million …

Financial Results

21 March 2023 00:45 PM MEPCO’s profits jump 22.5% in 2022 results

Riyadh – Mubasher: Middle East Paper Company (MEPCO) witnessed 22.58% higher net profits after Zakat and tax at SAR 270.73 million in 2022, compared to SAR 220.86 million in 2021. Revenues widened by 12.26% year-on-year (YoY) to SAR 1.18 billion …

Financial Results

27 November 2022 05:34 PM MEPCO’s shareholders approve over SAR 166.5m capital raise

Riyadh – Mubasher: The shareholders of Middle East Paper Company (MEPCO) agreed to increase its capital by 33.30% to SAR 666.66 million from SAR 500 million, according to a bourse filing. The Tadawul-listed firm will capitalise SAR 166.66 million …

Corporate Actions

2 November 2022 02:58 PM MEPCO’s profits leap to nearly SAR 247m in 9M-22

Riyadh – Mubasher: Middle East Paper Company (MEPCO) reported an annual hike of 96.05% in net profit after Zakat and tax to SAR 246.81 million during the first nine months (9M) of 2022, versus SAR 125.89 million. The firm generated SAR 955.48 …

Financial Results

9 October 2022 03:32 PM MEPCO to disburse SAR 25m dividends for H1-22

Riyadh – Mubasher: The board of Middle East Paper Company (MEPCO) has decided to pay SAR 25 million as cash dividends for the first half (H1) of 2022, according to a bourse disclosure. The Saudi firm announced a dividend distribution of SAR 0.50 …

Board of Directors

5 October 2022 02:22 PM CMA nods to MEPCO’s capital hike to over SAR 666.5m

Riyadh – Mubasher: The Capital Market Authority (CMA) greenlighted Middle East Paper Company’s (MEPCO) capital increase to SAR 666.66 million from SAR 500 million through bonus shares. The hike process will be carried out by capitalising SAR …

Management Decisions

14 August 2022 04:21 PM MEPCO mulls 33% capital raise via bonus shares

Riyadh – Mubasher: Middle East Paper Company’s (MEPCO) board of directors has recommended to the company’s extraordinary general meeting (EGM) a 33% capital increase via a bonus share issuance. Accordingly, MEPCO’s new capital will amount to SAR …

Board of Directors

8 August 2022 04:20 PM MEPCO sees 216% higher profits in H1-22 initial financials

Riyadh – Mubasher: Middle East Paper Company (MEPCO) has witnessed net profits after Zakat and tax worth SAR 192.21 million in the first half (H1) of 2022, an annual leap of 216.10% from SAR 60.80 million. Revenues amounted to SAR 651.96 million …

Financial Results

14 June 2022 05:12 PM MEPCO’s shareholders nod to SAR 1/shr dividend for 2021

Riyadh – Mubasher: The shareholders of Middle East Paper Company (MEPCO) have greenlighted a cash dividend distribution of SAR 1 per share for 2021. MEPCO will disburse a total amount of SAR 50 million, according to a bourse filing on Tuesday. The …

General Assembly

27 April 2022 01:15 PM MEPCO's interim profits up 421% in Q1-22

Riyadh – Mubasher: The net profits after Zakat and tax of Middle East Paper Company (MEPCO) reached SAR 92.38 million in the first quarter (Q1) of 2022, up 421.30% year-on-year (YoY) from SAR 17.72 million, according to the company's interim …

Financial Results

25 April 2022 05:17 PM MEPCO secures SAR 485m loan from Bank Aljazira

Riyadh – Mubasher: Middle East Paper Company (MEPCO) has signed a Sharia-compliant facility agreement worth SAR 485 million with Bank AlJazira. Under the agreement, the majority of the loan will be used to settle existing medium-term facilities …

Companies Investments

17 March 2022 03:44 PM MEPCO’s profits exceed SAR 220.5m in 2021; dividends proposed

Riyadh – Mubasher: Middle East Paper Company (MEPCO) has achieved net profits after Zakat and tax worth SAR 220.86 million last year, a year-on-year (YoY) hike of 994.70% from SAR 20.17 million. The revenues increased by 45.91% YoY to SAR 1.05 …

Cash Dividends

30 December 2021 00:45 PM MEPCO pens SAR 297m facility with SABB

Riyadh – Mubasher: Middle East Paper Company (MEPCO) has inked a Sharia-compliant credit facility agreement worth SAR 296.815 million with Saudi British Bank (SABB). Through the loan, MEPCO will structure a number of current medium-term facilities …

Companies Investments

7 September 2021 10:15 AM MEPCO renews loan deal with Bank Albilad

Riyadh – Mubasher: Middle East Paper Company (MEPCO) has renewed and amended a credit facilities agreement with Bank Albilad on Monday, 6 September. The Sharia-compliant loans include short- and medium-term funding that was decreased from SAR 540 …

Banking and Finance

2 August 2021 06:12 PM MEPCO’s net profits leap 291% in H1

Riyadh – Mubasher: Middle East Paper Company (MEPCO) recorded a jump of 290.69% in net profits after Zakat and tax to SAR 60.8 million in the first six months of 2021, from SAR 15.56 million in the same period last year. Earnings per share stood …

Financial Results

31 May 2021 11:18 AM MEPCO obtains SAR 140m in loans from Saudi National Bank

Riyadh – Mubasher: Middle East Paper Company (MEPCO) has renewed a Shariah-compliant banking facility agreement with the Saudi National Bank to obtain loans worth SAR 140 million in total. MEPCO has reduced the value of the credit facilities from …

Companies Investments

10 May 2021 03:08 PM MEPCO renews SAR 226m credit facilities deal with Riyad Bank

Riyadh – Mubasher: Middle East Paper Company (MEPCO) has extended a banking facilities agreement worth SAR 225.9 million with Riyad Bank, according to a bourse filing on Monday. The medium-term facilities total SAR 134.6 million and are valid for …

Banking and Finance

1 March 2021 04:13 PM MEPCO extends SAR 93m loan deal with Samba

Riyadh – Mubasher: Middle East Paper Company (MEPCO) has renewed a Sharia-compliant credit facility agreement worth SAR 93 million with Samba Financial Group to finance the company's working capital and spare parts for factory equipment and …

Banking and Finance

25 February 2021 09:42 AM MEPCO inks SAR 123m deal with Italy’s Toscotec for new production line

Riyadh – Mubasher: Middle East Paper Company (MEPCO) announced signing an engineering and supply agreement for tissue paper rolls production line with Italy’s Toscotec as part of the project to establish a factory for the production of raw tissue …

International Agreements

17 January 2021 03:47 PM MEPCO extends SAR 101m loan deal with Riyad Bank

Riyadh – Mubasher: Middle East Paper Company (MEPCO) announced renewing a Sharia-compliant credit facility agreement valued at SAR 101 million with Riyad Bank. The loan is a revolving facility renewable at the end of August of every year and is …

Companies Investments