MEPCO aims to maintain 20% market share: CEO

04/05/2015 Argaam

Middle East Paper Co. (MEPCO), the Middle East’s largest paperboard producer, will aim to protect its 20 percent market share in Saudi Arabia, Sami Al-Safran, the company’s chief executive told CNBC Arabia on Monday.

 

The company, which exports 35 percent of its production, has its eyes set on the

​United Kingdom's market 
as part of its expansion strategy, he added.

 

 

MEPCO’s shares began trading on the Saudi bourse Sunday. Last month, it offered 30 percent of the company, or 15 million shares, in an initial public offering, according to data published by Argaam.

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