On February 23, 2026, Arabian Pipes Company announced that its Board of Directors recommended a 26% capital increase from SAR 200,000,000 to SAR 252,000,000 by capitalizing SAR 52,000,000 from retained earnings through issuing 52,000,000 new ordinary shares. The Board meeting was held on February 19, 2026, where directors approved granting bonus shares to existing shareholders at a ratio of 1 bonus share for every 4 shares held, representing 50% of the company's pre-increase capital. Additionally, 2,000,000 shares from the newly issued shares will be allocated as treasury shares for the Employee Stock Option Program under the long-term incentive plan, representing 1% of the company's capital before the increase. The capital increase aims to strengthen the company's capital base and enhance future growth plans, subject to approval from official authorities and the extraordinary general assembly.

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