The Public Investment Fund (PIF) announced 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. Through its investment, PIF aims to expand MEPCO production, enhance its operational efficiency, and support environmental sustainability, through recyclable products, including paper goods. This aligns with the sustainability objectives of both Saudi Arabia and PIF. According to the statement, the investment will support MEPCO’s expansion strategy, particularly in the areas of packaging and specialized building materials such as gypsum boards, commonly known as “drywall.”—Asharq Al Awsat
