On Thursday, Saudi Arabia’s Public Investment Fund (PIF) announced the successful acquisition of a 23.08% stake in the Middle East Paper Company (MEPCO). This strategic move is part of PIF’s ongoing efforts to diversify and expand its portfolio within key sectors of the Kingdom’s economy.
The investment is poised to empower MEPCO in expanding its production capacity, improving operational efficiency, and contributing to environmental stability through the production of recyclable goods, including paper products. This aligns with the sustainability goals of both Saudi Arabia and PIF.
Muhammad Al-Dawood, Head of the Industrials and Mining Sector in MENA Investments at PIF, expressed that this investment signifies the attractive growth opportunities in promising sectors such as recycling, retail, and building materials. The collaboration between PIF and MEPCO is expected to contribute positively to the economic diversification and sustainability goals of Saudi Arabia.
