Saudi Vitrified Clay Pipes Co (2360)

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 …

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 …

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 …

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, …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

Riyadh – Mubasher: The Saudi Vitrified Clay Pipes Company announced that it will distribute SAR 15 million in cash dividends to its shareholders for the second half (H2) of the year. Dividends will be distributed over 15 million shares, at SAR 1 …

Mubasher: Saudi Vitrified Clay Pipes Co registered a decline of 84.78% in profits during fiscal year 2018 compared to the prior year, according to a bourse disclosure on Monday. Net earnings shrank to SAR 4.4 million in FY18 from SAR 28.9 million …

Riyadh – Mubasher: Investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of important events during this week in the period from 24 until 28 September. Saudi Arabian Fertilizer Co (SAFCO) on Tuesday, 26 September will start …

Riyadh - Mubasher: Suspended furnaces of Saudi Vitrified Clay Pipes will be reoperated on 10 April. The company attributed the reoperation to the low inventories and high demand on the company’s production, according to a bourse filing on Monday. …

Riyadh - Mubasher: The investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of important events this week, as five companies are set to hold their ordinary general meetings; while two other will distribute cash dividends. …

Riyadh – Mubasher: Saudi Vitrified Clay Pipe announced on Monday that the period of the ongoing stake agreement signed with Arabian Company for Water Pipe Industry (Acwa Pipe) has ended. The two parties agreed to not renew the deal, according to a …

Riyadh – Mubasher: Saudi Vitrified Clay Pipe has agreed with the shareholders of Arabian Company for Water Pipe Industry (Acwa Pipe) to extend the ongoing stake agreement for 32 more days ending on 7 November. This steps will give the company …

Riyadh – Mubasher: Saudi Vitrified Clay Pipes Company (SVCP) signed an agreement with the Arabian Company for Water Pipe Industry Ltd. (Acwa Pipe) to extend the period of the on-going acquisition contract for 60 more days ending on 6 October. In …

Riyadh- Mubasher: Saudi Vitrified Clay Pipes’ board decided to partially stop a number of furnaces in its Riyadh facility due to lower demand on the company’s products at present as a result of work stoppage in sanitary projects since the …

Riyadh- Mubasher: Saudi Vitrified Clay Pipe on Thursday reported a 27% decrease in net profit to SAR 23.9 million ($6.37 million) in the second quarter of 2016 from SAR 32.8 million ($8.82 million) in Q2-15. The decline in net profit was …