Saudi Vitrified Clay Pipes Co (SVCP) News - Mubasher Info
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Saudi Vitrified Clay Pipes Co (2360)

Last update: 27 April 03:10 PM market time.
18.10
0.16
0.89%
Open 17.88
Previous Close 17.94
High 18.20
Low 17.88
Stock Statistics
Volume 44,394
Turnover 801,434.04
All data are 15 minutes late during market session

News

Photo Archive
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
Photo Archive
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
Photo Archive
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
Sales shrank 19% to SAR 22.66 million in Q2-21
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
Saudi Vitrified Clay has achieved an annual rise of 21.6% in 2020 profits
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 …
Board of Directors
The profit hike was driven by higher revenues and lower cost of goods sold.
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
Revenues inched down by 0.95% annually in Q2-20.
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
Photo Archive
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 …
Management Decisions
Revenue for Q2-20 soared by 19.1% yearly
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
The MoU has been renewed for 60 additional days
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
The profit surged to SAR 5.41 million in the first quarter of 2020
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
The deal aims to diversify Saudi Vitrified Clay’s products
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 …
Mergers and Acquisitions
Both companies have extended the MoU for 15 days
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 …
Mergers and Acquisitions
The company’s revenues grew by 3.986%
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
Photo Archive
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
The dividends will be distributed on 22 January 2020
22 December 2019 11:08 AM Clay Pipes to distribute SAR 1/shr
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 …
Cash Dividends
The plunge in annual profits is attributed to lower sales
25 February 2019 10:50 AM Vitrified Clay Pipes FY18 profits shrink 85%
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 …
Financial Results
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
23 September 2017 04:06 PM Tadawul awaits important events this week
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 …
Company News
(Photo Credit: Arabianeye-Reuters)
10 April 2017 10:28 AM Vitrified Clay Pipes resumes operation of furnaces
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. …
Corporate Actions
Photo Credit: Arabianeye-Reuters
11 February 2017 02:19 PM Tadawul awaits important events this week
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. …
General Assembly
The two parties agreed on the non-renewal of the deal- Photo Archive
7 November 2016 05:26 PM Vitrified Clay Pipe, Acwa Pipe end stake deal
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 …
Companies Investments
Photo Credit: Arabianeye-Reuters
6 October 2016 09:18 AM Vitrified Clay Pipe, Acwa Pipe extend stake deal
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 …
Companies Investments
In April, SVCP inked a contract to buy entire stake in Acwa Pipe- (Photo Credit: Arabianeye-Reuters)
7 August 2016 08:53 AM SVCP, Acwa Pipe extend acquisition contract for 60 days
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 …
Mergers and Acquisitions
Total production capacity of 200,000 tonnes annually will decrease 15%-20%- (Photo archive)
31 July 2016 10:20 AM Vitrified Clay Pipes to suspend some furnaces on low demand
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 …
Companies Investments
Vitrified Clay Pipe’s net profit edged up 0.73% to SAR 55.2 million in H1-16- (Photo Credit: Arabianeye-Reuters)
28 July 2016 11:28 AM Vitrified Clay Pipe Q2 profit down 27%
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 …
Financial Results