Middle East Paper Co (1202)

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News

17 November 2025 03:39 PM MEPCO appoints new Chairman, Vice Chairman

Riyadh - Mubasher: Middle East Paper Company (MEPCO) named Musaab Sulaiman Al Muhaidib and Walid Ibrahim Shukri as the board’s Chairman and Vice Chairman, respectively.  The board reappointed the two officials for a four-year term starting on 14 …

Board of Directors

2 November 2025 02:46 PM MEPCO delivers positive financial performance in 9M-25; quarterly profits leap 174%

Riyadh - Mubasher: Middle East Paper Company (MEPCO) swung to net profits valued at SAR 24.86 million in the first nine months (9M) of 2025, against net losses of SAR 32.82 million in 9M-24. Revenues increased by 4.87% to SAR 813.19 million as of …

Financial Results

10 August 2025 00:12 PM MEPCO turns into profitability in H1-25; sales cross SAR 534m

Riyadh – Mubasher: Middle East Paper Company (MEPCO) turned profitable at SAR 10.55 million in the first half (H1) of 2025, compared to net losses of SAR 14.32 million in the year-ago period. The sales reached SAR 534.22 million as of 30 June …

Financial Results

19 August 2024 00:15 PM MEPCO to commence SAR 345m project backed by PIF

Riyadh – Mubasher: The board of Middle East Paper Company (MEPCO) approved the investment in the Tissue Paper Production Line 6 project (TM6), which is estimated at SAR 345 million. The project aims to boost the production capacity of the Juthor …

Companies Investments

13 August 2024 09:59 AM MEPCO’s net losses shrink 49% in H1-24

Riyadh – Mubasher: Middle East Paper Company (MEPCO) generated 48.93% year-on-year (YoY) lower net losses at SAR 15.24 million in the first half (H1) of 2024, compared to SAR 29.86 million. The revenues amounted to SAR 498.52 million in H1-24, …

Financial Results

13 June 2024 08:22 AM MEPCO’s CEO resigns; Renders succeeds

Riyadh – Mubasher: The board members of Middle East Paper Company (MEPCO) accepted the resignation of Sami Ali Al Safran as the company’s CEO. Jan Renders, a current board member, took over as an acting CEO of MEPCO on 13 June, according to a …

Board of Directors

19 May 2024 00:58 PM MEPCO suffers higher net losses at SAR 19m in Q1-24

Riyadh – Mubasher: Middle East Paper Company (MEPCO) reported net losses worth SAR 18.71 million in the first quarter (Q1) of 2024, an annual hike of 163.57% from SAR 7.10 million. Revenues hit SAR 243.45 million in January-March 2024, lower by …

Financial Results

23 April 2024 08:37 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 2024 00:27 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 03:34 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 04:36 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 10:59 AM 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. …

Cash Dividends

21 May 2023 00:27 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 10:45 AM 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 03:34 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 …

Management Decisions

2 November 2022 00:58 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 01:32 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 …

Cash Dividends

5 October 2022 00:22 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 …

Corporate Actions

14 August 2022 02:21 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 …

Management Decisions

8 August 2022 02:20 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 03:12 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 11:15 AM 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 03:17 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 …

Banking and Finance

17 March 2022 01:44 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 …

Board of Directors

30 December 2021 10:45 AM 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 …

Banking and Finance