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×Brief
Company Status: | Listed |
Business Activity: | The company is a manufacturer of ABS Kraft, high-performance fluting, among other paper products. It is a retail and wholesale seller of paper, paper products and stationary. |
Current Capital: | 866.67 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | Private Offering |
Status: | Listed |
Exchange Market: | TASI |
Sector: | Industrial investment |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 30.00 % |
Offer Price (Riyal): | 31.50 |
Issue Volume (M Riyal): | 630.00 |
Premium: | 21.50 Riyal |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | - |
Available Shares (Institutions): | - |
Minimum Subscription (Institutions): | - |
Maximum Subscription (Institutions): | - |
Eligibility : | (PIF) . |
Use of Proceeds: | _ Paper Manufacturing (PM5) SAR 174.81 million, _ Tissue Manufacturing (TM6) SAR 153.98 million, _ Acquisition of a set of assets and shares of existing establishments operating in the field of manufacturing and supply of corrugated boxes, to achieve forward integration SAR 291.12 million, _ Offering expenses SAR 10.09 million . |
Restrictions on Dealing in Shares: | The Targeted Investor (PIF) shall not dispose of the New Shares for a period of 2 years from the date of their listing on the Saudi Exchange, as per the waiver issued by the Capital Market Authority regarding the Capital Increase . |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | 12/4/2023 |
The minimum & maximum offering price: | 1/1/2024 |
Subscription End Date: | 1/3/2024 |
Allocation Date: | - |
Distribution Date: | - |
Listing Date: | 1/4/2024 |
Major Shareholders
Name | No. of Shares | Holding | Value |
---|---|---|---|
Public Investment Fund | 20.00 | 23.08 % | 824.14 |
Abdulqader Al Muhaidib & Sons Co. | 8.96 | 10.34 % | 369.22 |
Advisors
Lead Manager: | SNB Capital Company |
Underwriter: | - |
Financial Advisor: | SNB Capital Company |
Legal Advisor: | Abdulaziz Al Ajlan Office |
Auditor: | Ernst & Young Professional Services Co |
Receiving Bank: | - |
IPO results
Proceeds: | SAR 630 million |
Subscription Percentage: | 100% |
No. of Subscribers: | - |
Allocation: | - |
Chart - Middle East Paper Co.
Share Performance
Last Price: | 41.20 |
Change: | (2.15) % |
Market Cap (M): | 3,553.47 |
Turnover: | 10,102,471.00 |
Transactions: | 886.00 |
Related News
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PIF completes investment in MEPCO, acquires 23.08% stake Argaam04/01/2024
MEPCO says PIF to start subscription to issued shares on Jan. 1 Argaam31/12/2023
CMA OKs MEPCO capital hike by offering sharesArgaam04/12/2023
MEPCO files capital increase application to CMAArgaam03/09/2023
PIF inks MoU to buy new shares in MEPCOArgaam07/05/2023
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