Logo ofArabian Pipes Co. (APC)
Arabian Pipes Co.’s(APC) shareholders approved the board recommendation to reduce the stock’s nominal value from SAR 10 to SAR 1, during the extraordinary general meeting (EGM) held on Jan. 8, according to a statement to Tadawul. 
Stock-Split Details
Current Capital
SAR 150 mln
Number of Shares
15 mln
Nominal Value
SAR 10
New Capital
SAR 150 mln
Number of Shares
150 mln
Nominal Value
SAR 1
There will be no change in the company’s capital before or after the stock split.
The stock-split decision will be applicable to all shareholders who own shares on the EGM day and are registered with the Securities Depository Center (Edaa) by the end of the second trading day following the date of general meeting in which the stock split was approved.
The decision will take effect starting from the next business day after the general meeting. The adjustment to the number of shares in shareholders’ portfolios will be implemented on the second trading day following the general meeting in which the stock split was approved.
The Saudi Exchange announced that the fluctuation limits for Arabian Pipes Co. will be based on a share price of SAR 12.20 today, Jan. 9, and the outstanding orders will be cancelled.
Logo ofArabian Pipes Co. (APC)
Arabian Pipes Co.’s(APC) shareholders approved the board recommendation to reduce the stock’s nominal value from SAR 10 to SAR 1, during the extraordinary general meeting (EGM) held on Jan. 8, according to a statement to Tadawul.
Stock-Split Details
Current Capital
SAR 150 mln
Number of Shares
15 mln
Nominal Value
SAR 10
New Capital
SAR 150 mln
Number of Shares
150 mln
Nominal Value
SAR 1
There will be no change in the company’s capital before or after the stock split.
The stock-split decision will be applicable to all shareholders who own shares on the EGM day and are registered with the Securities Depository Center (Edaa) by the end of the second trading day following the date of general meeting in which the stock split was approved.
The decision will take effect starting from the next business day after the general meeting. The adjustment to the number of shares in shareholders’ portfolios will be implemented on the second trading day following the general meeting in which the stock split was approved.
The Saudi Exchange announced that the fluctuation limits for Arabian Pipes Co. will be based on a share price of SAR 12.20 today, Jan. 9, and the outstanding orders will be cancelled.
