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Announces the Board’s Recommendation to Increase the Capital by Granting Bonus Shares
| Element List | Explanation |
|---|---|
| Introduction | Arabian Pipes company announces that the Board of Directors in its meeting held on 19/02/2026G corresponding to 02/09/1447H has recommended to the Extraordinary General Assembly the following : 1- Recommendation to increase the Company's share capital by 26% , from SAR 200,000,000 to SAR 252,000,000 , by capitalizing SAR 52,000,000 from retained earnings , through the issuance of 52,000,000 new ordinary shares Out of these 52,000,000 bonus shares will be granted to the Company's shareholders registered in the shareholders register ( representing 50% of the company's capital before the increase at a rate of 1 bonus share for every 4 shares hold) 2- Recommendation to allocate part of the new shares resulting from the capital increase as treasury shares for the Employee Stock Option Program under the long Term incentive Plan by allocating 2,000,000 shares from the newly issued shares to the employee stock program (representing 1% of the company's capital before the increase) |
| Date of Board Meeting | 2026-02-19 Corresponding to 1447-09-02 |
| Capital before increase | 200,000,000 SAR |
| Capital after increase | 252,000,000 SAR |
| Percentage of Capital increase | 26 % |
| Number of shares before Capital increase | 200000000 |
| Number of shares after Capital increase | 252000000 |
| Reasons for the increase | By increasing the capital, the company aims to strengthen the company's capital base, thus contributing to enhancing future growth plans. |
| Number of Shares Granted per Exiting Share | 1 share every 4 shares |
| Nature and Value of Reserves Used in the Capitalization | Only 52,000,000 Saudi riyals will be capitalized from the retained earnings. |
| Eligibility Date | Eligible Shareholders are Those Holding Shares in the Eligibility Date as per the Shareholders Registry at the Deposit Center at The End of The Second Working Day after Eligibility Date |
| Fractional Shares | In the event of fractional shares, the fractions will be collected in one portfolio for all shareholders and sold at the market price, then their value will be distributed to the shareholders entitled to the grant, each according to his share, within a period not exceeding 30 days from the date of determining the new shares due to each shareholder. |
| Approvals | The grant is conditional on obtaining the approval of the official authorities and the extraordinary general assembly on the increase in the capital and the number of granted share |
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 7.51
Net Change -0.19 (-2.47%)
Value Traded (Sar) 44,184,083.78
Volume Traded 5,830,392
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