MEPCO issues prospectus for capital hike, drops rights issue plan
Logo ofMiddle East Paper Co. (MEPCO)
Middle East Paper Co. (MEPCO) issuedtoday, Dec. 7, the prospectus for offeringnew shares worth about SAR 630 million, while suspending rights issue.
The company plans to offer about 20 million shares at SAR 31.5 each, to increase capital from SAR 666.67 million to SAR 866.67 million…
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