Saudi’s PIF invests in Middle East Paper Company

Saudi’s PIF invests in Middle East Paper Company

The Public Investment Fund (PIF) has completed a deal to invest in the Middle East Paper Company (MEPCO), a leading manufacturer specializing in producing and recycling paper-based products in the Middle East and North Africa (MENA).  PIF has acquired a 23.08 percent stake in MEPCO by way of a capital increase and subscription to new […]

The Public Investment Fund (PIF) has completed a deal to invest in the Middle East Paper Company (MEPCO), a leading manufacturer specializing in producing and recycling paper-based products in the Middle East and North Africa (MENA). 

PIF has acquired a 23.08 percent stake in MEPCO by way of a capital increase and subscription to new shares. 

Through its investment, PIF will enable MEPCO to expand its production, raise its operational efficiency, and support environmental sustainability, through recyclable products, including paper goods, in line with the sustainability goals of both Saudi Arabia and PIF.

The investment will further contribute to achieving MEPCO’s expansion strategy, especially for packaging and specialized building materials like gypsum boards, also known as “drywall,” strengthening the local supply chain for current and future projects. PIF has a diversified portfolio of investments in the construction services sector to support the sustainable growth of the Saudi economy,