IssuerAnnouncementDetailsV2Portlet
Actions
Middle East Paper Company announces the latest developments previously announced about the filing of a lawsuit against the Ministry of Environment, Water and Agriculture (Makkah Region Branch)
| Element List | Explanation |
|---|---|
| Introduction | Referring to the company's previous announcement on 04/01/2024 on the Tadawul website regarding the issuance of a first-instance judgment by the Administrative Court in Jeddah in favor of the Company, by annulling the evaluation committee’s record, dated 10/08/1444 AH corresponding to 02/03/2023 G. The Middle East Paper Company (MEPCO) announces the issuance of a final judgment by the court of appeal supporting the first-instance judgment by annulling the evaluation committee’s record, dated 10/08/1444 AH corresponding to 02/03/2023 G, which previously determined the value of compensation to the company in the amount of 2,601,864 (two million six hundred and one thousand eight hundred and sixty-four SAR). |
| Previous Announcement | Middle East Paper Co. Announces an update on the company announcement of filing a lawsuit against the Ministry of Environment, Water and Agriculture (Makkah Region Branch) |
| Date of Previous Announcement on Saudi Exchange’s Website | 2024-01-04 Corresponding to 1445-06-22 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The issuance of a final judgment by the court of appeal supporting the first-instance judgment by annulling the evaluation committee’s record, dated 10/08/1444 AH corresponding to 02/03/2023 G, which previously determined the value of compensation to the company in the amount of 2,601,864 (two million six hundred and one thousand eight hundred and sixty-four SAR). |
| Reasons For The Delay on The Date of The Event Previously Announced | N/A |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
| Delay consequences on the Company’s financial results | N/A |
| Additional Information | N/A |
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.
Share
Company Performance
Key Parameters
Last Price 39.75
Net Change -0.2 (-0.5%)
Value Traded (Sar) 8,728,818.55
Volume Traded 219,560
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions