Middle East Paper Co. (MEPCO) announced signing bank facility agreement (Shariah-compliant) with BANK Albilad the value of facilities SAR 340 million about 136 Million as Medium Term Loan for 7 Years & 204 Million as Short Term Loan for 2 Years as a bridge loan. The facility is secured by a promissory note (equivalent to facility value) in favor of the bank. The purpose of this facility is to finance the establishment of a factory for the production of tissue and hygienic paper.