On August 20, 2026, Saudi Vitrified Clay Pipes Company announced the submission of its capital reduction application file to the Capital Market Authority (CMA). The application seeks to reduce the company's share capital from SAR 150,000,000 to SAR 45,428,750, through the cancellation of 10,457,125 ordinary shares representing a value of SAR 104,571,250, with the purpose of offsetting accumulated losses of the same amount. This follows the Board of Directors' initial recommendation announced on July 21, 2026, and a subsequent amendment announced on August 16, 2026. The capital reduction remains subject to regulatory approvals, including the approval of the company's extraordinary general assembly.

Original announcement:

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