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Arabian Pipes Co. Announces an update on Arabian Pipes Company is pleased to announce the latest developments concerning the Board of Directors’ recommendation to increase the company’s capital by offering priority rights shares
2200
APC
0.55
%
1445/04/25 09/11/2023 08:10:27
| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement made by Arabian pipes Company on 18-12-1443 corresponding to 17-07-2022 regarding the Board of Directors’ recommendation to increase the company’s capital through the offering of priority rights shares, the company would like to inform its shareholders of the Board of Directors’ decision dated 24-04-1445 corresponding to 08-11-2023 The Board has decided to cancel the previous recommendation regarding the capital increase through priority rights shares. This decision was made due to the improvement in the company’s financial position and having sources of financing for its business |
| Previous Announcement | Arabian Pipes Company is pleased to announce the latest developments concerning the Board of Directors’ recommendation to increase the company’s capital by offering priority rights shares |
| Date of Previous Announcement on Tadawul's Website | 2022-07-17 Corresponding to 1443-12-18 |
| Percentage of fulfilled achievement | N/A |
| Event's Expected Completion Date | N/A |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | No Cost and no Changes impacts will be affected |
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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Last Price 184.0
Net Change 1.0 (+0.55%)
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