Arabian Pipes Co. Announces an update on Arabian Pipes Company is pleased to announce the latest developments concerning the Board of Directors’ recommendation to increase the company’s capital by offering priority rights shares
With reference to the announcement made by Arabian pipes Company on 18-12-1443 corresponding to 17-07-2022 regarding the Board of Directors’ recommendation to increase the company’s capital through the offering of priority rights shares, the company would like to inform its shareholders of the Board of Directors’ decision dated 24-04-1445 corresponding to 08-11-2023 The Board has decided to cancel the previous recommendation regarding the capital increase through priority rights shares. This decision was made due to the improvement in the company’s financial position and having sources of financing for its business
Previous Announcement
Arabian Pipes Company is pleased to announce the latest developments concerning the Board of Directors’ recommendation to increase the company’s capital by offering priority rights shares
Date of Previous Announcement on Tadawul's Website
2022-07-17 Corresponding to 1443-12-18
Percentage of fulfilled achievement
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Event's Expected Completion Date
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The costs associated with the event, and if they have changed or not with indication of the reasons.
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