Middle East Paper Co (1202)

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News

25 August 07:24 PM MEPCO to vote on reallocating over SAR 291m for project, agenda items next month

Riyadh — Mubasher: Middle East Paper Company (MEPCO) announced a board recommendation to reallocate SAR 291.12 million of share issuance proceeds to its fifth paper production line (PM5) project. The board proposal will be discussed during the …

Board of Directors

11 August 09:33 AM MEPCO’s net profits climb 26% in H1-26

Riyadh – Mubasher: Middle East Paper Company (MEPCO) logged a net profit of SAR 15.29 million for the second quarter (Q2) of 2026, representing a 192.61% hike compared to SAR 5.23 million in the same period last year. The company attributed the …

Company News

6 August 02:43 PM MEPCO’s board recommends SAR 630m capital increase proceeds

Riyadh – Mubasher: The board of Middle East Paper Company (MEPCO) has recommended a significant reallocation of net proceeds from its previous capital increase, which raised SAR 629.99 million through the issuance of 19.99 million new ordinary …

Corporate Actions

28 June 06:39 PM MEPCO approves financial reports, external auditor appointment

Riyadh – Mubasher: Middle East Paper Company (MEPCO) has announced the results of its Ordinary General Meeting (OGM), held on 25 June 2026. During the session, shareholders reviewed and approved the company’s financial performance for the fiscal …

Financial Results

14 June 06:25 PM MEPCO finalizes deed transfer for property ownership

Riyadh – Mubasher: Middle East Paper Company (MEPCO) has completed the title deed transfer and registration of a property in its name after a final court ruling in a lawsuit filed by Al Shorouq Al Motatawera Development Company. Spanning 966,488 …

Companies Investments

11 May 01:52 PM MEPCO generates SAR 244m revenue, turns to losses in Q1-26

Riyadh – Mubasher: Middle East Paper Company (MEPCO) incurred SAR 1.99 million worth of net losses to the owners during the first quarter (Q1) of 2026. The results marked a shift from net profits amounting to SAR 5.33 million in Q1-25, according …

Company News

1 April 09:42 PM MEPCO turns profitable at nearly SAR 23.5m in 2025 amid stable revenue

Riyadh – Mubasher: Middle East Paper Company (MEPCO) shifted to net profits worth SAR 23.41 million in 2025, against net losses of SAR 77.32 million in 2024. MEPCO also turned to earnings per share (EPS) of SAR 0.27 in 2025 from a loss per share …

Financial Results

17 November 2025 05:39 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 …

General Assembly

2 November 2025 04:46 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 02:12 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 02:15 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 11:59 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 10:22 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 …

Corporate Actions

19 May 2024 02:58 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 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 2024 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. …

Cash Dividends

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 …

General Assembly

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