MEPCO

30 April, 2024 08:03

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 ListExplanation
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

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