Saudi Vitrified Clay Pipes Co (2360)

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News

8 September 04:03 PM Saudi Vitrified Clay obtains regulatory nod for 70% capital reduction

Riyadh — Mubasher: Saudi Vitrified Clay Pipes Company received approval from the Capital Market Authority (CMA) on 7 September to proceed with a significant capital restructuring. The regulator authorized the company to reduce its capital from SAR …

Company News

8 September 10:21 AM CMA nods for Saudi Vitrified Clay’s capital cut

Riyadh — Mubasher: The Capital Market Authority (CMA) has issued its approval for a request from Saudi Vitrified Clay Pipes Company to reduce its corporate capital from SAR 150 million to SAR 45.43 million. Under the approved plan, the total …

Company News

6 September 11:14 AM Saudi Vitrified Clay to elect new board at next OGM

Riyadh — Mubasher: Saudi Vitrified Clay Pipes Company has invited its shareholders to attend the ordinary general meeting (OGM) scheduled for 19:00 on 30 September 2026. The meeting will be held at the company’s headquarters in Riyadh and via …

Company News

24 August 03:52 PM Saudi Vitrified Clay submits capital change request to CMA

Riyadh — Mubasher: Saudi Vitrified Clay Pipes Company has submitted a formal application to the Capital Market Authority (CMA) on 20 August 2026 to reduce its share capital, according to a bourse filing. The filing follows a board of directors’ …

Corporate Actions

16 August 04:13 PM Saudi Vitrified Clay amends capital restructuring plan to offset accumulated losses

Riyadh – Mubasher: The board of Saudi Vitrified Clay Pipe Company (SVCP) has amended a previous recommendation to restructure the company’s capital. The revised proposal seeks to reduce the current capital from SAR 150 million to SAR 45.43 …

Companies Investments

14 July 08:42 PM Tadawul approves termination of market making for 3 listed companies

Riyadh - Mubasher: The Saudi Exchange (Tadawul) has approved a request from Morgan Stanley KSA to terminate its market-making activities for three listed companies, effective on 15 July 2026. The companies affected by the cessation of …

Company News

14 July 12:48 PM Saudi Vitrified Clay secures SAR 5.5m supply order for sewage project

Riyadh – Mubasher: Saudi Vitrified Clay Pipe Company (SVCP) has received a purchase order from Al-Imtiaz National Contracting Company valued at SAR 5.58 million, including value-added tax. The contract, which was awarded and signed on 13 July …

Companies Investments

13 July 09:54 AM Saudi Vitrified Clay shareholders reject capital raise proposal

Riyadh – Mubasher: The shareholders of Saudi Vitrified Clay Pipe Company (SVCP) have rejected a proposal to increase the company's capital during an extraordinary general meeting (EGM) held on 12 July 2026. The meeting, which recorded an …

Management Decisions

15 June 06:22 PM Saudi Vitrified Clay postpones EGM to discuss 53.5% capital hike proposal

Riyadh – Mubasher: Saudi Vitrified Clay Pipe Company (SVCP) announced the non-convening of the extraordinary general meeting (EGM), which was supposed to be held on 14 June 2026. This is due to the failure to achieve the required legal quorum for …

General Assembly

4 June 03:44 PM Saudi Vitrified Clay unveils SAR 4.6m purchase order agreement

Riyadh – Mubasher: Saudi Vitrified Clay Pipe Company (SVCP) has received a purchase order from Bright Trading & Contracting Company Limited, with a total value of SAR 4.64 million on 3 June 2026. The agreement covers the supply of vitrified clay …

Companies Investments

30 October 2023 05:31 PM Saudi Vitrified Clay’s net losses shrink to SAR 7m in 9M-23

Riyadh – Mubasher: Saudi Vitrified Clay Pipe Company (SVCP) reported SAR 6.99 million in net loss after Zakat and tax during the first nine months (9M) of 2023, signalling a 31.47% annual plunge from SAR 10.20 million, according to the interim …

Financial Results

19 October 2023 02:49 PM Saudi Vitrified Clay announces Chairman, Vice Chairman

Riyadh – Mubasher: Saudi Vitrified Clay Pipe Company (SVCP) has appointed Prince Faisal bin Abdulaziz bin Faisal Al Saud as the Chairman of the board for the next three years. The firm also named Saad Saud Al Sayari as the Vice Chairman and …

Board of Directors

7 March 2022 03:13 PM Saudi Vitrified Clay turns to losses in 2021

Riyadh - Mubasher: Saudi Vitrified Clay Pipe Company (SVCP) incurred net losses after Zakat and tax worth SAR 2.10 million in 2021, against profits amounting to SAR 10.70 million in 2020. The company’s revenues decreased by 28.11% to SAR 88.70 …

Financial Results

25 July 2021 00:34 PM Saudi Vitrified Clay incurs losses in H1-21

Riyadh – Mubasher: Saudi Vitrified Clay Pipes Company suffered a net loss after Zakat and tax worth SAR 1.21 million during the first half (H1) of 2021, against profits of SAR 8.27 million in H1-20. Losses per share stood at SAR 0.08 in H1-21, …

Financial Results

6 April 2021 01:03 PM Saudi Vitrified Clay’s shareholders approve 10% dividends for 2020

Riyadh – Mubasher: The ordinary general meeting of Saudi Vitrified Clay Pipe Co. gave the green light for paying the equivalent of 10% of capital as cash dividends for 2020. The shareholders approved the board’s decision to distribute SAR 1 per …

General Assembly

1 March 2021 11:17 AM Saudi Vitrified Clay profits grow 21.6% in 2020

Riyadh - Mubasher: Saudi Vitrified Clay Pipes Company (SVCP) reported SAR 10.7 million in net profits for 2020, an increase of 21.6% when compared to SAR 8.8 million in 2019. The profit hike was driven by higher revenues and lower cost of goods …

Financial Results

18 October 2020 10:05 AM Saudi Vitrified Clay Q3 profit down 38%

Riyadh - Mubasher: Saudi Vitrified Clay Pipes Company (SVCP) reported a 38.1% year-on-year (YoY) decline in profits during the third quarter (Q3) of 2020 at SAR 910,000 due to higher operating expenses. Revenues inched down by 0.95% YoY in the …

Financial Results

18 October 2020 09:54 AM Saudi Vitrified Clay cancels deal to buy 75% of Advanced Piping

Riyadh - Mubasher: Saudi Vitrified Clay Pipes Company (SVCP) said the renewed memorandum of understanding (MoU) signed to acquire 75% of Advanced Piping Solutions has expired on 15 October 2020 without reaching an agreement to further extend the …

Mergers and Acquisitions

19 August 2020 09:36 AM Saudi Vitrified Clay’s quarterly profit skyrockets by 368%

Riyadh - Mubasher: Saudi Vitrified Clay Pipes Company (SVCP) achieved SAR 2.86 million in net profits over the second quarter (Q2) of 2020, 368.9% more than SAR 610,000 in the same quarter a year ago. The Tadawul-listed firm ascribed the growth in …

Financial Results

16 August 2020 09:36 AM Saudi Vitrified Clay renews MoU to buy 75% of Advanced Piping

Riyadh - Mubasher: Saudi Vitrified Clay Pipes Company (SVCP) has extended a Memorandum of Understanding (MoU) to acquire 75% of Advanced Piping Solutions. The two companies agreed to extend the MoU for an additional 60 days through a written …

Companies Investments

11 June 2020 00:53 PM Saudi Vitrified Clay’s profits up 238% in Q1-20

Riyadh - Mubasher: Saudi Vitrified Clay Pipes Company (SVCP) on Thursday reported 238.1% higher net profits after Zakat and tax over the first quarter (Q1) of 2020, as shown by the company's interim financial results. Year-on-year (YoY), the …

Financial Results

19 April 2020 04:19 PM Saudi Vitrified Clay takes over 75% of Advanced Piping

Riyadh - Mubasher: Saudi Vitrified Clay Pipes Company (SVCP) has signed a purchase agreement on Sunday, 19 April, to acquire 75% of Advanced Piping Solutions for SAR 56.25 million. The acquisition deal will increase Saudi Vitrified Clay’s revenues …

Companies Investments

8 April 2020 10:44 AM Saudi Clay Pipes extends MoU to acquire 75% of Advanced Piping

Riyadh - Mubasher: Saudi Vitrified Clay Pipes Company (SVCP) has extended a memorandum of understanding (MoU) to acquire 75% of Advanced Piping Solutions. Both companies have decided to extend the MoU for additional 15 days, according to a press …

Companies Investments

8 March 2020 10:49 AM Saudi Vitrified Clay sees 100% higher net profits in 2019

Riyadh – Mubasher: The net profits after Zakat and tax of Saudi Vitrified Clay Pipes Company reached SAR 8.8 million in 2019, up 100% from SAR 4.4 million in the previous year. The increase in net profits is driven by a rise in the number of sales …

Financial Results

9 January 2020 10:46 AM Clay Pipes plans to acquire 75% of Advanced Piping

Riyadh – Mubasher: Saudi Vitrified Clay Pipes Company (SVCP) announced that it has signed a non-binding memorandum of understanding (MoU) with the owners of Advanced Piping Solutions to acquire a 75% stake in the company. The agreement, which is …

Mergers and Acquisitions