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Saudi Vitrified Clay Pipes Co. (SVCP) issued a correction regarding its interim financial results for the three-month period ending March 31, 2026, specifically concerning the timeline for a proposed capital increase.
The available disclosure is thin and does not provide specific financial performance metrics, such as net profit, revenue, or growth figures, focusing instead on a regulatory deadline.
The Board of Directors has corrected the deadline to call an Extraordinary General Assembly to approve the recommended capital increase to no later than September 26, 2026, moving the date forward from the previously announced September 29, 2026.
This procedural update is mandated by Article 132 of the Companies Law and is a necessary step for the company to finalize its capital structure changes.

Element List	Explanation
Date of Publishing the Previous Announcement Sought to be Corrected on Saudi Exchange’s Website	2026-05-12 Corresponding to 1447-11-25
Hyperlink to the Previous Announcement	Click Here
Incorrect statements in the previous announcement	With reference to Article 132 of the Companies Law, the Board of Directors will call for an Extraordinary General Assembly no later than 29 September 2026 to approve its recommendation to increase the Company’s capital.
Correct Statement	With reference to Article 132 of the Companies Law, the Board of Directors will call for an Extraordinary General Assembly no later than 26 September 2026 to approve its recommendation to increase the Company’s capital.

Correction announcement from Saudi Vitrified Clay Pipes Co. in regards to Saudi Vitrified Clay Pipes Co. announces its Interim Financial results for the Period Ending on 2026-03-31 ( Three Months )