The Authority's Approval of Arabian Pipes Company's Request to Increase Its Capital Through the Grant of Bonus Shares

موافقة الهيئة على طلب الشركة العربية للأنابيب زيادة رأس مالها عن طريق منح أسهم مجانية

The Capital Market Authority announced its approval of Arabian Pipes Company's request to increase its capital from 200,000,000 to 252,000,000 riyals by granting one bonus share for every four existing shares held by shareholders registered at the Depository Center, funded by transferring 52,000,000 riyals from retained earnings, raising the share count from 200,000,000 to 252,000,000. The extraordinary general assembly must be held within six months of the approval date, and the company must complete the related regulatory procedures.

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