PIF completes investment in MEPCO, acquires 23.08% The Saudi Arabian Public Investment Fund (PIF) has completed its acquisition of a 23% stake in paper products company Mepco, according to Global Gypsum. TradeArabia News has reported that the PIF aims to enable Mepco to expand production, increase efficiency and become more sustainable.
PIF Completes Investment in the Middle East Paper Company (MEPCO) paperage.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from paperage.com Daily Mail and Mail on Sunday newspapers.
PIF raises stake in MEPCO to 23 08% through capital increase arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
The Public Investment Fund (PIF) announced on Thursday that it has finalized an investment agreement with the Middle East Paper Company (MEPCO), a manufacturer specializing in the production and recycling of paper-based products in the Middle East and North Africa region. PIF said in a statement that it has acquired a 23.08% stake in MEPCO through a capital increase and subscription to new shares.