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Financials

FINANCIAL INFORMATION
FINANCIAL STATEMENTS AND REPORTS

Annually
Quarterly

Balance Sheet	2024-12-31	2023-12-31
Total Assets	2,558,600	1,930,934	-	-
Total Liabilities	958,567	862,731	-	-
Total Shareholders Equity (After Deducting the Minority Equity)	1,606,228	1,074,291	-	-
Total Liabilities and Shareholders Equity	2,558,600	1,930,934	-	-
Statement of Income	2024-12-31	2023-12-31
Total Revenue (Sales/Operating)	1,065,256	866,753	-	-
Net Profit (Loss) before Zakat and Tax	-57,900	-77,759	-	-
Zakat and Income Tax	-19,568	-9,879	-	-
Net Profit (Loss) after Zakat and Tax	-77,468	-87,637	-	-
Total Comprehensive Income	-77,670	-83,389	-	-
Profit (Loss) per Share	-0.89	-1.2	-	-
Cash Flows	2024-12-31	2023-12-31
Net Cash From Operating Activities	-100,005	199,127	-	-
Net Cash From Investing Activities	-90,046	-270,058	-	-
Net Cash From Financing Activities	744,185	-17,766	-	-
Cash and Cash Equivalents, Beginning of the Period	56,549	145,246	-	-
Cash and Cash Equivalents, End of the Period	610,683	56,549	-	-
All Figures in	Thousands	Thousands
All Currency In	^	^
Last Update Date	2025-04-07	2024-04-03

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate. The above information does not replace detailed financial statements, as detailed financial statements are the reliable source that must be consulted to obtain accurate financial information.

Balance Sheet	2024-09-30	2024-06-30	2024-03-31	2023-09-30
Total Assets	2,613,112	2,601,505	2,596,428	1,941,022
Total Liabilities	967,818	939,022	936,828	391,258
Total Shareholders Equity (After Deducting the Minority Equity)	1,652,320	1,669,498	1,666,040	1,103,983
Total Liabilities and Shareholders Equity	2,613,112	2,601,505	2,596,428	1,941,022
Statement of Income	2024-09-30	2024-06-30	2024-03-31	2023-09-30
Total Revenue (Sales/Operating)	276,895	255,076	243,453	229,181
Net Profit (Loss) before Zakat and Tax	-18,219	9,395	-12,578	-19,645
Zakat and Income Tax	-309	-5,930	-6,136	-646
Net Profit (Loss) after Zakat and Tax	-18,528	3,464	-18,714	-20,292
Total Comprehensive Income	1,339	3,493	-18,714	-20,292
Profit (Loss) per Share	-0.21	0.05	-0.21	-0.27
Cash Flows	2024-09-30	2024-06-30	2024-03-31	2023-09-30
Net Cash From Operating Activities	-75,196	2,930	9,701	191,886
Net Cash From Investing Activities	-63,286	-99,697	-21,763	-224,599
Net Cash From Financing Activities	714,719	657,918	654,009	-2,794
Cash and Cash Equivalents, Beginning of the Period	56,549	56,549	56,549	145,246
Cash and Cash Equivalents, End of the Period	632,786	617,700	698,496	109,739
All Figures in	Thousands	Thousands	Thousands	Thousands
All Currency In	^	^	^	^
Last Update Date	2024-11-17	2024-08-18	2024-05-26	2023-11-16

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Middle East Paper Co.
Price 25.95
Market Cap(^MN) 2,249
P/E Ratio -

Index Name	Index Level	1D Return
Middle East Paper Co.		%

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Company Profile

Company overview

The Companys main activities are the manufacture of container packing paper and industrial paper as follows: Packing paper such as (fluting paper, testliner corrugated carton paper Semi Chemical Fluting (SCF), industrial paper such as (Core board Plasterboard paper, Absorbent Kraft)The Companys core values are to provide high-quality products for its clients, and to contribute environmental preservation, The Companys always Develop their products to meet the market needs.

Company History

Middle East Paper Company was incorporated as a limited liability in the year 1421H (2000G) with a share capital of (15 Million SAR). In the year 1432H (2011G) the Company share capital increased gradually until it reached (360 Million SAR), in the year 1433H (2012G) the Company was converted into a Closed Joint Stock Company under the Minister of Commerce and Industry Resolution No. 44/S, In addition in year 1435H (2014G) the Company''s share capital increased to (400 Million SAR), then the Company share capital increased to (500 Million SAR) consisting of (50 Million) ordinary shares with a nominal value of (SAR 10) each, and then Company capital has been increased in 1444H (2022G) to become 666,666,660 million riyals divided into 66,666,666 ordinary shares with a nominal value of (10) ten Saudi riyals per share, and in the year 1445H (2023G) the Company capital increased to become SAR 866,666,650 divided into 866,666,65 ordinary shares at a nominal value of (SAR 10) per share which is the Company current capital.

Company Bylaws

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Equity Profile

Authorized Capital (^) 866,666,650
Issued Shares 86,666,665
Paid Capital (^) 866,666,650
Par Value/Share 10
Paid Up Value/Share 10

Last Update :2024-01-04

Investment limits

There are no investment limits on the company's shares as per the amended Rules for Qualified Foreign Financial Institutions Investment in Listed Securities and Instructions for the Foreign Strategic Investors Ownership in Listed Companies based on company's bylaw and the issued instructions by the related regulators and supervisory authorities.

Company Details
BOARD OF DIRECTORS AND SENIOR EXECUTIVES INFORMATION

Date Established

2000/08/06
Financial Year End

31/12
Listing Date

2015/05/03
External Auditors

[Ernst & Young]
ISIN CODE

SA13Q050IP16
Number of Employees

1295

Chairman

Mussab Sulaiman Al-Muhaidib
Non - Executive
Mussab Sulaiman Al-Muhaidib
- BD Session Start
  
  2022-11-14
  
  Designation
  
  Chairman
- BD Session End
  
  2025-11-13
  
  Classification
  
  Non - Executive
- Qualification
  
  Bachelor of Accounting Master of Business Administration
Companies Membership
- Memebrship Name
  
  Al Hassan Ghazi Ibrahim Shaker
  
  Start Date
  
  -
- Memebrship Character
  Member
  End Date
  -
- Memebrship Name
  
  National Manufacturing Company
  
  Start Date
  
  -
- Memebrship Character
  Member
  End Date
  -
- Memebrship Name
  
  Hoshan Co.
  
  Start Date
  
  -
- Memebrship Character
  Member
  End Date
  -
- Memebrship Name
  
  Goldman Sachs Saudi Arabia
  
  Start Date
  
  -
- Memebrship Character
  Member
  End Date
  -
- Memebrship Name
  
  Masdar Building Materials
  
  Start Date
  
  -
- Memebrship Character
  Member
  End Date
  -
- Memebrship Name
  
  Sedra Investment Company
  
  Start Date
  
  -
- Memebrship Character
  Member
  End Date
  -
- Memebrship Name
  
  Start creativity entertainment company
  
  Start Date
  
  -
- Memebrship Character
  Member
  End Date
  -
- Memebrship Name
  
  Saudi Endeavor Company
  
  Start Date
  
  -
- Memebrship Character
  Member
  End Date
  -
- Memebrship Name
  
  Saudi Company for Crafts and Handicrafts
  
  Start Date
  
  -
- Memebrship Character
  Member
  End Date
  -
- Memebrship Name
  
  Gulf Family Business Council
  
  Start Date
  
  -
- Memebrship Character
  Member
  End Date
  -
- Memebrship Name
  
  JLL Saudi Arabia
  
  Start Date
  
  -
- Memebrship Character
  Member
  End Date
  -
- Memebrship Name
  
  Abdulkadir Al Muhaidib & Sons Co
  
  Start Date
  
  -
- Memebrship Character
  Member
  End Date
  -
Board of Directors

Farid Habib Non - Executive
Farid Habib
- BD Session Start
  
  2023-12-28
  
  Designation
  
  Board of Directors
- BD Session End
  
  2025-11-13
  
  Classification
  
  Non - Executive
- Qualification
  
  Bachelor of Finance
Companies Membership
- Memebrship Name
  
  Manara Mineral investment Company (Manara)
  
  Start Date
  
  -
- Memebrship Character
  Non executive - member of the Executive Committee
  End Date
  -
Walid Ibrahim Shukri Independent
Walid Ibrahim Shukri
- BD Session Start
  
  2023-12-28
  
  Designation
  
  Board of Directors
- BD Session End
  
  2025-11-13
  
  Classification
  
  Independent
- Qualification
  
  BSc. In Industrial Management- Accounting Certified Accountant- American Institute of Certified Public Accountants (AICPA) Certified Accountant- Saudi Organization for Certified Public Accountants (SOCPA)
Companies Membership
- Memebrship Name
  
  General Authority for Military Industries
  
  Start Date
  
  -
- Memebrship Character
  Member of Audit, Risk and Compliance Committee
  End Date
  -
- Memebrship Name
  
  Saudi Agricultural and livestock Investment Company (SALIC)
  
  Start Date
  
  -
- Memebrship Character
  Board Vice-chairman and Chairman of Audit, Risk & Compliance Committee
  End Date
  -
- Memebrship Name
  
  Diriyah Gate
  
  Start Date
  
  -
- Memebrship Character
  Member of Audit & Risk Committee
  End Date
  -
- Memebrship Name
  
  STC
  
  Start Date
  
  -
- Memebrship Character
  Board Member/Chairman of Audit Committee/member of Risk Committee
  End Date
  -
- Memebrship Name
  
  Tatweer Education Holding Company
  
  Start Date
  
  -
- Memebrship Character
  Member of Risk Committee /Audit Committee
  End Date
  -
- Memebrship Name
  
  SEC
  
  Start Date
  
  -
- Memebrship Character
  Audit Committee/Risk & Compliance Committee
  End Date
  -
Rob Jan Renders Non - Executive
Rob Jan Renders
- BD Session Start
  
  2022-11-14
  
  Designation
  
  Board of Directors
- BD Session End
  
  2025-11-13
  
  Classification
  
  Non - Executive
- Qualification
  
  Master of Science
Companies Membership
- Memebrship Name
  
  SAPPI PLC
  
  Start Date
  
  -
- Memebrship Character
  Member
  End Date
  -
- Memebrship Name
  
  Walki Oy
  
  Start Date
  
  -
- Memebrship Character
  Member
  End Date
  -
Victor Sanz Martinez Independent
Victor Sanz Martinez
- BD Session Start
  
  2022-11-14
  
  Designation
  
  Board of Directors
- BD Session End
  
  2025-11-13
  
  Classification
  
  Independent
- Qualification
  
  Bachelor of Business Administration Medicine and Surgery Master in business administration
Companies Membership
- Memebrship Name
  
  GOTOR
  
  Start Date
  
  -
- Memebrship Character
  Member
  End Date
  -
- Memebrship Name
  
  CLEON
  
  Start Date
  
  -
- Memebrship Character
  Member
  End Date
  -
Waleed Abdulrahman Al Monie Independent
Waleed Abdulrahman Al Monie
- BD Session Start
  
  2022-11-14
  
  Designation
  
  Board of Directors
- BD Session End
  
  2025-11-13
  
  Classification
  
  Independent
- Qualification
  
  Bachelor's degree in Computer Information Systems Master of Information Technology Management
Companies Membership
- Memebrship Name
  
  None
  
  Start Date
  
  -
- Memebrship Character
  None
  End Date
  -
Hawazen Nazih Nassief Independent
Hawazen Nazih Nassief
- BD Session Start
  
  2022-11-14
  
  Designation
  
  Board of Directors
- BD Session End
  
  2025-11-13
  
  Classification
  
  Independent
- Qualification
  
  Bachelor of Art- International Relations Master of Art- Law and Diplomacy
Companies Membership
- Memebrship Name
  
  J L L
  
  Start Date
  
  -
- Memebrship Character
  Member
  End Date
  -
- Memebrship Name
  
  Tanmiah Food Company
  
  Start Date
  
  -
- Memebrship Character
  Member
  End Date
  -
Rakan Mohammed Abunayyan Independent
Rakan Mohammed Abunayyan
- BD Session Start
  
  2022-11-14
  
  Designation
  
  Board of Directors
- BD Session End
  
  2025-11-13
  
  Classification
  
  Independent
- Qualification
  
  Bachelor of Business Administration
Companies Membership
- Memebrship Name
  
  Advanced Piping solution
  
  Start Date
  
  -
- Memebrship Character
  Member
  End Date
  -
- Memebrship Name
  
  Afaq food Co
  
  Start Date
  
  -
- Memebrship Character
  Member
  End Date
  -
Senior Executives

Abdulrahman Farid Shaker CFO
Abdulrahman Farid Shaker
- BD Session Start
  
  2025-04-27
  
  Designation
  
  Senior Executives
- BD Session End
  
  -
  
  Classification
  
  CFO
Faisal Alawi Haddawi CEO

Faisal Alawi Haddawi

BD Session Start

2025-02-16

Designation

Senior Executives
BD Session End

-

Classification

CEO

Investor Relations

Contact Name:

Investors Relations

Company Address:

Jeddah - Al Andalus District - 3109 Prince Muhammad Bin Abdulaziz Street - Nujood Center 1st floor entrance (A) Unit No (45) Postal
Code: 23326Additional number: 9249

Contact Details:

Telephone:01225669600
Fax: -
Email: investors@mepco.biz

Company Website:

www.mepco.biz

Name Of Subsidiary	Percentage Of Property	Main Business	Location Of Operation	Country Of Operation
Waste Collection & Recycling Co	100.00%	wholesale and retail sale of paper waste, containerboard, plastic, household appliances, and advertising and advertising materials and is a leader in the field of paper waste collection in the KSA	Jeddah	KSA
Juthor Paper Manufacturing Company	100.00%	Manufacture of sanitary paper, napkins, cleaning napkins and towels, Manufacture tissue paper Jumbo rolls, wrapping and wrapping paper raw industry, corrugated paper and paper industry (cardboard), Paper pulp, paper and paperboard manufacturing, table tissue industry	King Abdullah Economic City - Rabigh	KSA
Al Tadweer Al Akhdar Industrial Company	100.00%	Manufacture of paper pulp from wood, Manufacture of paper pulp from fiber, manufacture of paper pulp from waste with ink removal. Pulp paper and paperboard industry, Manufacture of raw wrapping and packaging paper, paper industry and corrugated cardboard, and manufacture of molds, strips, and filter chips from paper pulp.	Jeddah	KSA

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The Capital Market Authority and Saudi Exchange take no responsibility for the contents of these disclosures, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of these disclosures, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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Company Profile Main Market (2025)

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