‎CMA approves SVCP request for 69.7% capital reduction

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Logo ofSaudi Vitrified Clay Pipes Co. (SVCP)

The Capital Market Authority (CMA) approved Saudi Vitrified Clay Pipes Co.’s (SVCP) request to reduce its capital from SAR 150 million to SAR 45.43 million.

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Accordingly, the number of shares will be cut from 15 million to 4.54 million.

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Logo ofSaudi Vitrified Clay Pipes Co. (SVCP)

The Capital Market Authority (CMA) approved Saudi Vitrified Clay Pipes Co.’s (SVCP) request to reduce its capital from SAR 150 million to SAR 45.43 million.

Accordingly, the number of shares will be cut from 15 million to 4.54 million.