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East Pipes Integrated company for Industry announces that it has received a letter from one of its major shareholders who owns more than (5%) of the company's shares expressing the shareholder's intention to transfer ownership of those shares.

1321
EAST PIPES
-1.24 %
1445/04/02     17/10/2023 15:40:22

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Announcement Detail East Pipes Integrated company for Industry announced that it has received a letter dated 17 Oct 2023 , from Aziz Company for Contracting and Industrial Investment, one of the major shareholders, who owns a percentage ( 19.95%) of the company’s capital, regarding the shareholders’ intention and their unanimous agreement to transfer the ownership of 6,284,250 shares from the portfolio of Aziz Company for Contracting and Industrial Investment to the shareholders’ portfolios according to their shares in the company, especially after the death of one of the shareholders, the late Sheikh / Ali Muhammad Al-Shamisi who his share amounting to 12.5% devolved to his heirs, without any intention to liquidate Aziz Company for Contracting and Industrial Investment, which will result in a change in the list of major shareholders in the East Pipes Integrated company for Industry.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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EAST PIPES
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Key Parameters
Last Price 159.4
Net Change -2.0 (-1.24%)
Value Traded (Sar) 18,065,763
Volume Traded 114,206
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