A Saudi-based paper merchant, the Middle East Paper Company (Mepco) has become the first Saudi company to sign up to a technology platform designed to enhance corporate access to regional and institutional investors.
The Closir platform is targeted at listed companies in emerging markets such as Mepco looking to attract institutional investors by enabling them to organise meetings, roadshows and virtual conferences.
Companies in Saudi Arabia have become more attractive to investors since the country was reclassified to emerging market status by index provider MSCI.
“We have engaged more meaningfully with investors and analysts within Saudi Arabia and further afield, through conference participation, one-on-one engagements, briefings and enhancements to our investor relations tools and reporting mechanisms,” said Mepco chief financial officer Dr. Mohamed Saleh Darweesh.
“Now is the time to join a platform that will enable us to increase corporate access for the global investment community.”
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