MEPCO board recommends dividend freeze for 2020 to support expansion projects

17/03/2021 Argaam

Logo of MEPCO

Middle East Paper Co.’s (MEPCO) board of directors recommended on March 16, 2021, withholding dividend for 2020, the company said in a bourse statement.

 

The recommendation, which will be presented at the next general assembly meeting for approval, aims to support the company's current expansion projects.

 

MEPCO last distributed dividend for 2018 at SAR 1 per share, according to data available with Argaam.

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