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East Pipes Integrated Company for Industry Announces the capital investment of strategic material handling assets in the amount of an estimated cost of approximately SAR 33.6 million
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EAST PIPES
0.54
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1447/07/29 18/01/2026 08:09:10
| Element List | Explanation |
|---|---|
| Introduction | East Pipes Integrated Company for Industry Announcement the Board of Directors’ approval of a capital investment for strategic material handling assets. |
| Transaction Details | Capital investment for strategic material handling assets, this investment aims to develop the company’s logistical infrastructure and optimize the operating cost of the company. |
| Transaction Amount | an estimated cost of approximately SAR 33.6 million |
| Transaction Conditions | NA |
| Parties of the Transaction | Contracts will be concluded with one party or several parties for the supply of equipment. |
| Transaction Financing Method | The project will be funded from the company's available cash, bank facilities, and other financing programs |
| Date of Entering Into The Transaction | 2026-03-31 Corresponding to 1447-10-12 |
| Description of Activity of The Asset Subject of The Transaction | Material handling equipment |
| Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction | NA |
| Transaction reasons | Enhance material handling capacity and optimize the operating cost. |
| Expected Impact of the Transaction on the Company and Its Operations | The financial impact expected to be reflected in the company’s financial results starting for the fiscal year 2026–2027. |
| Related Parties | NA |
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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