IssuerAnnouncementDetailsV2Portlet
Arabian Pipes Co. Invites its Shareholders to Attend the Extraordinary General Assembly Meeting (First Meeting) The meeting will be held by means of modern technology.
Element List | Explanation |
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Introduction | The Board of Directors of Arabian Pipes Company is pleased to invite its esteemed shareholders to participate and vote in the Extraordinary General Assembly Meeting (First Meeting) The meeting will be held by means of modern technology using Tadawulaty System Website: www.tadawulaty.com.sa |
City and Location of the General Assembly's Meeting | Riyadh the company’s office in the Sulaymaniyah |
Hyperlink of the Meeting Location | Click Here |
Date of the General Assembly's Meeting | 2025-01-08 Corresponding to 1446-07-08 |
Time of the General Assembly’s Meeting | 19:00 |
Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
Attendance Eligibility, Registration Eligibility, and Voting End | Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee. |
Quorum for Convening the General Assembly's Meeting | The Extraordinary General Assembly meeting shall be valid if attended by shareholders representing at least half of the capital, If the necessary quorum is not available to hold the first meeting, the second meeting will be held an hour after the end of the period specified for convening the first meeting, and the second meeting will be valid if attended by shareholders representing a quarter of the capital. |
General Assembly Meeting Agenda | 1. Voting on the split of the company's shares according to the following: • Nominal value of the share before the amendment: (10) ten Saudi riyals • Nominal value of the share after the amendment: (1) one Saudi riyal • Number of shares before the amendment: 15,000,000 shares • Number of shares after the amendment: 150,000,000 shares • There is no change in the company's capital before and after the stock split process • Effective date: If the item is approved, the split decision will be effective for all shareholders of the company who own shares on The Extraordinary General Assembly shall be held for shareholders registered in the company’s shareholders’ register at the Securities Depository Center Company (Edaa) at the end of the second trading day following the date of the Extraordinary General Assembly in which it was decided to split the shares. The effect of the decision shall be applied to the share price starting from the business day following the convening of the assembly, provided that the decision shall be applied with respect to the number of shares in shareholders’ portfolios at the end of the second trading day following the date of the Extraordinary General Assembly in which it was decided to split the shares. • Amending Article No. (7) of the company's bylaws related to (the company's capital) (attached) |
Proxy Form | ![]() |
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders are entitled to discuss the agenda items of the General Assembly meeting and raise relevant questions to the Board members, noting that the voting is available for free for all Shareholders via: www.tadawulaty.com.sa |
Details of the electronic voting on the Assembly’s agenda | Note that registration in the service and electronic voting will start on Saturday 04-07-1446 AH corresponding to 04-01-2025 AD from 1 am until the end of the assembly time. |
Method of Communication in Case of Any Enquiries | In the event of any inquiries, we hope to contact the Investor Relations Department through:Tel: 0112650123 Ext: 324 Email: contact@arabian-pipes.com |
Attached Documents | ![]() |
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.