Middle East Paper Co (1202)

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 …

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, …

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 …

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 …

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 …

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 …

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 …

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, …

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. …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …