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Correction announcement from Arabian Pipes Co. in regards to Arabian Pipes Co. announces its Interim Financial Results for the Period Ending on 2022-03-31 ( Three Months )

Element ListExplanation
Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul's Website 2022-05-24 Corresponding to 1443-10-23
URL of the Previous Announcement Click Here
Incorrect statements in the previous announcement It was mentioned in the announcement The net losses for the current quarter is SR (13.2) MM compared to a losses of SR (31.2) MM for the previous quarter. The reason for the reduction in the losses in this quarter is due to the increase in sales compared to the previous quarter, where the sales of the current quarter reached around SR 63.1 MM compared to SR 23.3 MM in previous quart.
Correct Statement the correct

The net losses for the current quarter is SR (13.2) MM compared to a losses of SR (31.2) MM for the previous quarter. The reason for the reduction in the losses in this quarter is due to the increase in sales compared to the previous quarter, where the sales of the current quarter reached around SR 63.1 MM compared to SR 48.9 MM in previous quart.

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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