June 2, 2023
(press release)
–
And the announcement published on 09-04-2023, which includes the latest developments for the project. The Middle East Paper Co. (“MEPCO”), the region's leading vertically integrated paper manufacturer is pleased to announce the launch of the test run for the manufacturing of Jumbo tissue rolls of its subsidiary (JUTHOR) in King Abdullah Economic City in Rabigh, followed by the launch of the commercial run before the end of the second Quarter of 2023 Attachments 1685451761_14680_642_2023-05-30_15-12-44_en.pdf
Element List
Explanation
Introduction
Reference to the company's announcement on Tadawul platform on 07-12-2020 regarding the Board of Directors' approval of the project to establish a factory for the production of raw tissue paper rolls.
Previous Announcement
Middle East Paper Co. Announces the Board of Directors' approval of the project to establish a factory for the production of raw tissue paper rolls and followed by the latest updates in the project of establishing a factory for the production of raw tissue paper rolls
Date of Previous Announcement on Tadawul's Website
2023-04-09 Corresponding to 1444-09-18
Percentage of fulfilled achievement
95%
Event's Expected Completion Date
Second quarter of 2023
Reasons for Exceeding the Announced End Date
N/A
The costs associated with the event, and if they have changed or not with indication of the reasons.
N/A
Impact of the Delay on the Company's Financial Results
The financial impact will be assessed after commercial start-up
Attached Documents
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