MEPCO says no plans to build factories on ‘disputable’ vacant land

19/10/2022 Argaam
Logo ofMEPCO

Logo of MEPCO

Middle East Paper Co. (MEPCO) announced that the disputable real estate in the case filed against the company is vacant land and does not have any construction, according to a statement to Tadawul. 

 

The firm does not plan to build any factories on this land, the statement added. 

 

MEPCO earlier said a real estate lawsuit was filed by Al Shorouk Advanced Development Co. against the company to demand real estate ownership proof, though a final court ruling was issued in its favor, according to data available with Argaam. 

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