Jeddah, Kingdom of Saudi Arabia; 15th January 2018: The Middle East and Africa’s leading vertically-integrated paper manufacturer, MEPCO has been awarded the Best Corporate Governance Leadership – Saudi Arabia 2017 accolade by Capital Finance International (CFI).
MEPCO has firmly established itself as one of the largest paperboard producers in the Middle East and has developed an enviable track record of maintaining the highest levels of corporate governance.
CFI formally recognised a diverse array of MEPCO’s accomplishments, including becoming a publicly listed company in 2015, facilitating ongoing methods of sustainable large-scale production, reducing the company’s impact on the environment and enhancing its Corporate Social Responsibility programme.
Eng. Sami Safran, CEO, MEPCO commented: “MEPCO is honoured to accept this prestigious industry award from such a highly regarded institution – Capital Finance International. As we continue to expand our business internationally, recognition in corporate governance by international organisations will play an important role demonstrating MEPCO’s success to the global marketplace. Our team has made great progress towards aligning our company with international standards and best practice in order to achieve the highest levels of corporate governance. To that end MEPCO has contributed greatly to the local economy and is currently witnessing unparalleled growth throughout the Kingdom of Saudi Arabia.”
CFI seeks out organisations that contribute significantly to the convergence of economies and add value for all stakeholders. CFI recognises best practice throughout the world, with the objective to inspire other entities to improve their own business performance.
MEPCO has also recently been awarded the King Khaled Award from the King Khaled Foundation in the field of Responsible Competitiveness.