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Saudi Vitrified Clay Pipes Co. Announces the Submission of the Increase of the Company’s Capital by Offering Right Issues Application File to CMA
| Element List | Explanation |
|---|---|
| Introduction | Referring to the announcement made by the Saudi Vitrified Clay Pipe Company on 03/02/1446H corresponding to August 7, 2024, regarding the Board of Directors’ recommendation to increase the company’s capital from SAR 150,000,000 to SAR 230,000,000 through a rights issue of 8,000,000 ordinary shares, with a nominal value of SAR 10 per share and an offering price of SAR 10 per share, The company hereby announces that on Sunday, 05/12/1446H corresponding to June 1, 2025, it has submitted the application file for the capital increase to the Capital Market Authority. |
| Date of Submitting the Application File to CMA | 2025-06-01 Corresponding to 1446-12-05 |
| Application Subject | Capital increase of the Saudi Vitrified Clay Pipe Company through a rights issue amounting to SAR 80,000,000. |
| Date of Announcing Board Recommendation to Increase the Company’s Capital by offering rights issue on Saudi Exchange’s Website | 2024-08-07 Corresponding to 1446-02-03 |
| Additional Information | The company will announce any future developments in this regard in due course. |
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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