‎Arabian Pipes EGM approved 26% capital hike via bonus issue

Arabian Pipes Co. said its shareholders approved the board’s recommendation to increase capital by 26% via a bonus issue during the extraordinary general meeting (EGM) held on Aug. 24, according to a Tadawul statement.

Details

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Current Capital

SAR 200 mIn

Number of Shares

200 mIn

New Capital

SAR 252 mIn

New No. of Shares​

252 mIn

Percentage of Increase

26%

Reason

To strengthen the company’s capital base and support future growth plans

Bonus shares

1 bonus share for every 4 shares held

Method

Through capitalization of SAR 52 million from retained earnings, as follows:

1- 50 million bonus shares will be distributed to shareholders registered in the company’s shareholder register, representing 25% of the company’s pre-increase capital, at a ratio of 1 bonus share for every 4 shares held.

2- The remaining 2 million new shares arising from the capital increase will be allocated as treasury shares for long-term Employee Stock Incentive Program (ESIP), representing 1% of the company’s pre-increase capital.

Record Date

Aug. 24, 2026 (Shareholders of record registered with Edaa by the end of the second trading day following the EGM)

Any fractional shares will be aggregated into a single portfolio for all shareholders and sold at market price, with the proceeds distributed pro rata to eligible shareholders within a period not exceeding 30 days.

Shareholders also approved the ESIP and authorized the board of directors to set its terms and conditions, including the allocation price per share offered to employees, if applicable.

Tadawul announced that the company’s share price fluctuation limits for Aug. 25, were calculated based on a reference price of SAR 5.08, with all outstanding orders cancelled.

Meanwhile, the Securities Depository Center Co. (Edaa) will deposit the bonus shares into shareholders’ portfolios before the start of trading on Aug. 27.

Arabian Pipes Co. said its shareholders approved the board’s recommendation to increase capital by 26% via a bonus issue during the extraordinary general meeting (EGM) held on Aug. 24, according to a Tadawul statement.

Details

Current Capital

SAR 200 mIn

Number of Shares

200 mIn

New Capital

SAR 252 mIn

New No. of Shares​

252 mIn

Percentage of Increase

26%

Reason

To strengthen the company’s capital base and support future growth plans

Bonus shares

1 bonus share for every 4 shares held

Method

Through capitalization of SAR 52 million from retained earnings, as follows:

1- 50 million bonus shares will be distributed to shareholders registered in the company’s shareholder register, representing 25% of the company’s pre-increase capital, at a ratio of 1 bonus share for every 4 shares held.

2- The remaining 2 million new shares arising from the capital increase will be allocated as treasury shares for long-term Employee Stock Incentive Program (ESIP), representing 1% of the company’s pre-increase capital.

Record Date

Aug. 24, 2026 (Shareholders of record registered with Edaa by the end of the second trading day following the EGM)

Any fractional shares will be aggregated into a single portfolio for all shareholders and sold at market price, with the proceeds distributed pro rata to eligible shareholders within a period not exceeding 30 days.

Shareholders also approved the ESIP and authorized the board of directors to set its terms and conditions, including the allocation price per share offered to employees, if applicable.

Tadawul announced that the company’s share price fluctuation limits for Aug. 25, were calculated based on a reference price of SAR 5.08, with all outstanding orders cancelled.

Meanwhile, the Securities Depository Center Co. (Edaa) will deposit the bonus shares into shareholders’ portfolios before the start of trading on Aug. 27.