Edaa implements procedures to increase MEPCO’s capital

Logo of Middle East Paper Co. (MEPCO)

The Securities Depository Center Co. (Edaa) increased today, Nov. 29, the number of shares in the accounts of Middle East Paper Co.’s (MEPCO) eligible shareholders, according to a statement on Tadawul.

MEPCO shareholders approved the board’s recommendation on a 33.3% capital increase by granting one bonus share for every three shares held, during the extraordinary general meeting (EGM) held on Nov. 24, Argaam earlier reported.