Riyadh-Mubasher: Middle East Paper Co. (MEPCO) started commercial operation at its Hydrapulper on 29 September, the company said in a bourse statement Wednesday.
It added that the project’s investment cost reached SAR 63.6 million, 50% of which was financed by Saudi Industrial Development Fund (SIDF), 15% through a Murabaha facility and 35% from the company’s cash resources.
The project will reflect positively on MEPCO’s financials starting from the third quarter of 2016.
