Logo of Arabian Pipes Co.
Arabian Pipes Co.’s shareholders will vote on a SAR 300 million capital increase via a rights issue during the extraordinary general meeting (EGM) slated for May 12, according to a bourse filing.
|
Capital Increase Details |
|
|
Capital |
SAR 100 mln |
|
Number of Shares |
10 mln |
|
Percentage of Increase |
300% |
|
New Capital |
SAR 400 mln |
|
Number of Shares |
40 mln |
|
Rights Issue Details |
|
|
No. of Shares Offered |
30 mln |
|
Offering Price |
SAR 10 |
|
Issue Size |
SAR 300 mln |
|
Record Date |
May 12, 2022, for shareholders of record on the second day of trading after the EGM. |
|
Reason |
To fulfill the requirements of the working capital, boost financial solvency, reduce borrowing rate, renovating factories in Riyadh and Jubail, and expanding a number of support products. |
The e-voting on the agenda items will start on May 8.
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}