MEPCO delegates its board to pay dividend

Middle East Paper Co.’s (MEPCO) general assembly has delegated the company’s board of directors to distribute dividend for the fiscal year 2018 on a quarterly or a semi-annual basis according the corporate law, the company said in a bourse statement.

Shareholders also approved the board’s decision to appointed Waleed Shukri as a board member and a member of the audit committee starting from May 23, 2018 to replace Faisal Al Saqqaf whose term has ended.