Arabian Pipes Company announced on July 2, 2026 that its Board of Directors is inviting shareholders to attend an Extraordinary General Assembly Meeting (First Meeting) to be held virtually via the Tadawulaty platform on July 27, 2026 at 18:30. The primary agenda item is a vote on the Board's recommendation to increase the company's capital by SAR 52,000,000 through the issuance of bonus shares, raising the capital from SAR 200,000,000 to SAR 252,000,000 — a 26% increase. Of the 52,000,000 new shares, 50,000,000 will be distributed to eligible shareholders at a ratio of one share for every four shares held (25%), while the remaining 2,000,000 shares (1%) will be allocated as treasury shares for an employee incentive program, with funds sourced from retained earnings. Shareholders may vote electronically starting July 23, 2026, and the meeting also includes votes on amendments to Articles 7 and 8 of the Company's Articles of Association, as well as approval of the employee share allocation program.

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