The Saudi Arabia Capital Market Authority has approved Arabian Pipes Company's request to increase its capital from SAR 200 million to SAR 252 million by issuing one bonus share for every four existing shares. The increase will be funded by transferring SAR 52 million from retained earnings to the company's capital, raising outstanding shares from 200 million to 252 million. Bonus shares will be allocated to shareholders registered in the shareholder registry at the Security Depository Center as of the close of the second trading day after the due date, which will be set later by the company's board. The extraordinary general assembly must be held within six months of the approval, and the company must satisfy all regulatory requirements and applicable laws.
Saudi Arabia Capital Markets Authority2026-06-11
Saudi Arabia Capital Market Authority approves Arabian Pipes Company capital increase to SAR 252 million through one for four bonus shares
The Saudi Arabia Capital Market Authority approved Arabian Pipes Company's capital increase to SAR 252 million through a one-for-four bonus share issue funded from retained earnings. The move transfers SAR 52 million to capital and increases outstanding shares by 52 million to 252 million. The extraordinary general assembly must be held within six months.