| Element List | Explanation |
|---|---|
| Introduction | Reference to the Company's announcement published on the Saudi Exchange website on 06/12/1446H corresponding to 02/06/2025G regarding the submission of a request to increase the Company's capital through an rights issue to the Capital Market Authority based on the recommendation of the Board of Directors issued on 13/09/1444H corresponding to 07/08/2024G to increase the Company's capital through the issuance of rights shares with a total amount of SAR (80,000,000). The Saudi Vitrified Clay Pipe Co. would like to announce to its valued shareholders the issuance of the Capital Market Authority Resolution dated 14/10/1447H corresponding to 02/04/2026G, which includes the approval of the Company's request to increase its capital by offering rights shares by increasing the Company's capital by an amount of SAR (80,000,000), noting that this approval is conditional on the approval of the Company's Extraordinary General Assembly to increase the Company's capital and complete the relevant legal procedures and regulatory requirements. |
| Date of Announcing the Application on Saudi Exchange’s Website | 2025-06-02 Corresponding to 1446-12-06 |
| Date of Submitting the File | 2025-06-01 Corresponding to 1446-12-05 |
| Application Status at CMA | The Capital Market Authority (CMA) issued on Thursday 14/10/1447H corresponding to 02/04/2026G, its approval of the Company's capital increase request through the issuance of rights shares by increasing the Company's capital by SAR 80,000,000. |
| Other Substantial Updates | The Capital Market Authority (CMA) issued on Thursday 14/10/1447H corresponding to 02/04/2026G, its approval of the Company's capital increase request through the issuance of rights shares by increasing the Company's capital by SAR 80,000,000. |