| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Saudi Vitrified Clay Pipe Company (SVCP) is pleased to invite the shareholders to participate and vote in the Extraordinary General Assembly Meeting, which includes the proposed increase of the Company’s capital (Third Meeting). The meeting is scheduled to be held through modern technology on Sunday, 12/07/2026G, corresponding to 27/01/1448H, at 6:30 PM. |
| City and Location of the Extraordinary General Assembly's Meeting | Via modern technology from the Company’s head office at Al-Aqariyah Al-Siteen, Al-Malaz, Riyadh, through the Tadawulaty system. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2026-07-12 Corresponding to 1448-01-27 |
| Time of the General Assembly’s Meeting | 18:30 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | The right to attend is for shareholders registered in the Company’s shareholders register at the Securities Depository Center (Edaa) at the end of the trading session preceding the General Assembly Meeting, in accordance with the relevant laws and regulations. The right to register attendance ends at the time the meeting is convened, and voting rights end once the vote counting committee completes the vote counting process. |
| Quorum for Convening the General Assembly's Meeting | Pursuant to Article (32) of the Company’s Bylaws, and following the failure to achieve the required quorum for the first and second meetings, this meeting (the Third Meeting) has been convened in accordance with the provisions of Article (91) of the Companies Law. The meeting shall be valid regardless of the number of voting shares represented therein. |
| Meeting Agenda | 1. Voting on the increase of the Company’s capital by a total amount of SAR 80,000,000 to address accumulated losses amounting to 50% of its capital and to continue the Company’s operations in accordance with Article (132) of the Companies Law, through a rights issue of 8,000,000 shares, in line with the proposed capital increase (Attached are the Prospectus and the Auditor’s Report). Capital Increase Details: Capital before the increase: SAR 150,000,000. Number of shares before the increase: 15,000,000 shares. Increase percentage: 53.33%. Increase amount: SAR 80,000,000. Type of increase: Rights Issue. Number of new shares: 8,000,000 shares. Capital after the increase: SAR 230,000,000. Number of shares after the increase: 23,000,000 shares. Reason for the Capital Increase: To address accumulated losses and support the Company’s growth strategy by diversifying its products through expansion into the cement products industry at Saudi Land Factory and the high-density plastic products factory, where the installation of production lines is currently being completed, in addition to supporting operational activities and strengthening the Company’s financial position. • Amendment of Article (7) of the Company’s Bylaws relating to Capital (attached: article text before and after amendment). • Amendment of Article (8) of the Company’s Bylaws relating to Subscription Shares (attached: article text before and after amendment). Entitlement to Rights Issue Shares: Subject to approval of this item, entitlement to the rights issue shares shall be granted to shareholders who own shares on the date of the Extraordinary General Assembly Meeting and are registered in the Company’s shareholders register maintained by the Securities Depository Center (Edaa) at the end of the second trading day following the date of the Extraordinary General Assembly Meeting. 2. Voting on the amendment of Article (20) of the Company’s Bylaws relating to the powers of the Board of Directors. 3. Voting on the amendment of Article (27) of the Company’s Bylaws relating to the additional powers of the Board of Directors. 4. Voting on the appointment of Mr. Saleh bin Badr Al-Sanea as an Independent Member of the Board of Directors, effective from 04/01/2026, to complete the current Board term ending on 17/10/2026, replacing the former member Dr. Muayyad bin Isa Al-Qartas (Non-Executive Board Member and Member of the Audit Committee) (CV attached). |
| Proxy Form | Proxy Form |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Each shareholder has the right to discuss the items on the agenda and raise questions. Registration and voting through Tadawulaty services will be available free of charge via the following link: [www.tadawulaty.com.sa](http://www.tadawulaty.com.sa) |
| Details of the electronic voting on the Assembly’s agenda | Electronic voting will commence at 1:00 a.m. on Thursday, 09/07/2026G, and will continue until the end of the Extraordinary General Assembly Meeting. |
| Method of Communication in Case of Any Enquiries | For any inquiries, shareholders may contact the Shareholder Relations Department: Tel: +966 11 476 9192 Fax: +966 11 478 2458 Email: svcp@svcp-sa.com |
| Attached Documents | Attached Documents Attached Documents Attached Documents Attached Documents |
Saudi Vitrified Clay Pipes Co. calls its shareholders to attend the Extraordinary General Assembly meeting which include the Increase of the company’s capital ( Third Meeting )
AI Summary
- Saudi Vitrified Clay Pipe Company (SVCP) has invited shareholders to an Extraordinary General Assembly (Third Meeting) on July 12, 2026, to vote on a capital increase of SAR 80 million via a rights issue.
- The proposed 53.33% increase will raise the company's capital from SAR 150 million to SAR 230 million by issuing 8 million new shares to address accumulated losses and support expansion into cement and high-density plastic products.
- Following the lack of quorum in previous sessions, this third meeting will be valid regardless of the number of voting shares represented; electronic voting via the Tadawulaty platform begins on July 9, 2026.
- The agenda also includes voting on the appointment of Mr. Saleh bin Badr Al-Sanea as an independent board member and amendments to several articles in the Company’s Bylaws.
