Arabian Pipes Company announced on July 28, 2026 that its Extraordinary General Assembly Meeting regarding the capital increase (both the first and second meetings) failed to convene on July 27, 2026 at 18:30 in Riyadh due to an incomplete legal quorum, with only 23.24% of shareholders in attendance. The company confirmed there is no impact on board recommendations relating to profits, external auditor matters, or capital alterations as a result of the non-convening. Arabian Pipes Company will subsequently invite shareholders to a third Extraordinary General Assembly Meeting, pending determination of the date and receipt of necessary regulatory approvals, noting that the third meeting will be valid regardless of the number of shares with voting rights represented.

Original announcement:

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.