Logo ofSaudi Vitrified Clay Pipes Co. (SVCP)
Shares of Saudi Vitrified Clay Pipes Co. (SVCP) go ex-right today, July 12, if the general meeting is convened. 
The company’s board of directors previously recommended increasing capital by 53.33%, from SAR 150 million to SAR 230 million, with shareholders receiving approximately 0.533 right shares for every share held.
The capital increase aims to finance the expansion of SVCP’s subsidiaries through the purchase of machinery and equipment, construction of additional buildings and warehouses, support working capital needs, as well as repay financial obligations and loans. Part of the proceeds will also be allocated to support future operations, finance potential acquisitions or expansion opportunities, and cover offering-related expenses.
Logo ofSaudi Vitrified Clay Pipes Co. (SVCP)
Shares of Saudi Vitrified Clay Pipes Co. (SVCP) go ex-right today, July 12, if the general meeting is convened.
The company’s board of directors previously recommended increasing capital by 53.33%, from SAR 150 million to SAR 230 million, with shareholders receiving approximately 0.533 right shares for every share held.
The capital increase aims to finance the expansion of SVCP’s subsidiaries through the purchase of machinery and equipment, construction of additional buildings and warehouses, support working capital needs, as well as repay financial obligations and loans. Part of the proceeds will also be allocated to support future operations, finance potential acquisitions or expansion opportunities, and cover offering-related expenses.
