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Middle East Paper Company announced (MEPCO) the publication of a capital increase prospectus through the issuance of shares with the suspension of the priority right, indicating that the issuance of shares with the suspension of the priority right under this prospectus depends on the approval of the shareholders at the extraordinary general assembly meeting referred to hereunder.
The Company stated that it desires to provide information related to the offering before the Extraordinary General Assembly, which is scheduled to be held on Thursday, 28.12.2023, in Jeddah through modern technical means remotely using the Tadawulaty service website, to vote on the capital increase and the amendment of the Company’s bylaws.
This comes in reference to the approval of the Capital Market Authority to increase the capital of Middle East Paper Company by an amount of SAR 199.99 million 4.12.2023 through share issuance with suspension of priority rights of the existing shareholders, and the Company’s announcement on the Tadawul website on 07.12.2023 inviting its shareholders to attend the Extraordinary General Assembly meeting that includes increasing the Company’s capital.