‎“MEPCO”: Subscription period for new shares to increase ‎capital will start tomorrow

Middle East Paper Manufacturing and Production Company announced the setting of the subscription period for new shares to increase capital with the suspension of priority rights, as it begins on January 1, 2024 until January 3, 2024.

According to the company’s announcement on Tadawul, subscription will be limited to the Public Investment Fund as stipulated in the prospectus. The financial advisor, in consultation with the company, may also extend the offering period before its expiration, if the offering is not completed on the specified offering end date.

This comes with reference to the Capital Market Authority’s approval to increase the capital of the Middle East Paper Industry and Production Company by an amount of 199,999,990 riyals on 12/04/2023 AD, through the issuance of shares with the suspension of the priority right for current shareholders, and the company’s announcement on the Tadawul website on 10/ 12/2023 AD regarding the publication of the prospectus for the issuance of shares, with the suspension of the priority right.