Arabian Pipes Company announced on August 25, 2026, the results of its Extraordinary General Assembly's third meeting, held on August 24, 2026, at 19:00 via modern technology from the company's headquarters in Riyadh, with 22.95% shareholder attendance. Shareholders approved, with 97.45% of votes in favor, a board recommendation to increase the company's share capital by 26% — from SAR 200,000,000 to SAR 252,000,000 — through the capitalization of SAR 52,000,000 from retained earnings, issuing 50,000,000 bonus shares to eligible shareholders at a ratio of one share for every four shares held, and allocating 2,000,000 shares as treasury shares for an employee incentive program. The capital increase aims to strengthen the company's capital base and support future growth plans, with amendments to Articles 7 and 8 of the Articles of Association also approved. Additionally, shareholders approved, with 88.40% of votes in favor, the employee share allocation program, authorizing the Board of Directors to determine its terms, including the share price offered to employees.

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