Logo ofSaudi Vitrified Clay Pipes Co. (SVCP)
The company plans to offer about 8 million shares at SAR 10 each, to increase capital from SAR 150 million to SAR 230 million. 
By increasing its capital through a rights issue, the company aims to finance expanding its subsidiaries through the purchase of machinery and equipment, equipping additional buildings and hangars, providing working capital, repaying financial obligations and loans, allocating an amount to support future activity, finance acquisition or expansion opportunities, and cover the offering costs
The Capital Market Authority (CMA) approved in April the request received from the company to increase capital through SAR 80 million rights issue, as per Argaam‘s data.
The company’s shareholders will vote on 53.33% capital hike through rights issue, during an extraordinary general assembly meeting, to be held on June 14, 2026.
Capital Increase Details
Current Capital
SAR 150 mln
Number of Shares
15 mln
New Capital
SAR 230 mln
New Number of Shares
23 mln
Percentage of Increase
53.33%
Par Value
SAR 10
Rights Issue Details
Offered shares
8 mln shares
Offering Price
SAR 10
Issue Size
SAR 80 mln
Eligibility Ratio
Each eligible shareholder shall have the right to subscribe to 0.533 shares per each owned share.
Rights issue proceeds
Repayment of financial obligations and loans
33.75
Purchase of machinery and equipment for Laffan Pipes Company
15.00
Support for future activity and financing of acquisition or expansion opportunities
8.25
Purchase of machinery and equipment for Saudi Land Cement Products Factory
8.00
Working capital for Laffan Pipes Company
3.80
Preparation of additional buildings and hangars for Saudi Land Cement Products Factory
2.00
Offering expenses
9.20
Total
80.00
Logo ofSaudi Vitrified Clay Pipes Co. (SVCP)
The company plans to offer about 8 million shares at SAR 10 each, to increase capital from SAR 150 million to SAR 230 million.
By increasing its capital through a rights issue, the company aims to finance expanding its subsidiaries through the purchase of machinery and equipment, equipping additional buildings and hangars, providing working capital, repaying financial obligations and loans, allocating an amount to support future activity, finance acquisition or expansion opportunities, and cover the offering costs
The Capital Market Authority (CMA) approved in April the request received from the company to increase capital through SAR 80 million rights issue, as per Argaam‘s data.
The company’s shareholders will vote on 53.33% capital hike through rights issue, during an extraordinary general assembly meeting, to be held on June 14, 2026.
Capital Increase Details
Current Capital
SAR 150 mln
Number of Shares
15 mln
New Capital
SAR 230 mln
New Number of Shares
23 mln
Percentage of Increase
53.33%
Par Value
SAR 10
Rights Issue Details
Offered shares
8 mln shares
Offering Price
SAR 10
Issue Size
SAR 80 mln
Eligibility Ratio
Each eligible shareholder shall have the right to subscribe to 0.533 shares per each owned share.
Rights issue proceeds
Repayment of financial obligations and loans
33.75
Purchase of machinery and equipment for Laffan Pipes Company
15.00
Support for future activity and financing of acquisition or expansion opportunities
8.25
Purchase of machinery and equipment for Saudi Land Cement Products Factory
8.00
Working capital for Laffan Pipes Company
3.80
Preparation of additional buildings and hangars for Saudi Land Cement Products Factory
2.00
Offering expenses
9.20
Total
80.00
