Logo ofSaudi Vitrified Clay Pipes Co. (SVCP)
Saudi Vitrified Clay Pipes Co. (SVCP) filed, on June 1, for the approval of the Capital Market Authority (CMA) of the capital increase through a rights issue, according to a statement to Tadawul.
The company intends to increase capital from SAR 150 million to SAR 230 million through a rights issue of 8 million ordinary shares, with a nominal value of SAR 10 per share and an offering price of SAR 10 per share, the statement added.
Any relevant developments in this regard will be announced in due course.
Logo ofSaudi Vitrified Clay Pipes Co. (SVCP)
Saudi Vitrified Clay Pipes Co. (SVCP) filed, on June 1, for the approval of the Capital Market Authority (CMA) of the capital increase through a rights issue, according to a statement to Tadawul.
The company intends to increase capital from SAR 150 million to SAR 230 million through a rights issue of 8 million ordinary shares, with a nominal value of SAR 10 per share and an offering price of SAR 10 per share, the statement added.
Any relevant developments in this regard will be announced in due course.
