Riyadh – Mubasher: Middle East Paper Company (MEPCO) said Monday that it will start paying cash dividends for fiscal year 2016 as of 8 June via Arab National Bank, according to a bourse filing.

The company’s ordinary general meeting earlier approved distributing cash dividends of 75 halalas per share (7.5% of the capital) for FY16, totalling SAR 37.5 million.

The stock fell on Sunday by 6.2% to SAR 14.90.