On August 16, 2026, Saudi Vitrified Clay Pipes Company announced an amendment to its Board of Directors' previous recommendation regarding the planned capital reduction, following an increase in total accumulated losses as reflected in the preliminary financial results for the period ended June 30, 2026. The Board resolved on August 13, 2026 to revise the capital reduction plan, whereby the company's capital will be reduced from SAR 150,000,000 to SAR 45,428,750 — a reduction of 69.714167% — through the cancellation of 10,457,125 shares, with the purpose of writing off SAR 104,571,250 in accumulated losses. The previous recommendation to subsequently increase the company's capital through a Rights Issue in the amount of SAR 90,000,000 remains unchanged, aimed at supporting the company's financial position and funding its operational and strategic plans. Both the capital reduction and the Rights Issue remain subject to approval by the Capital Market Authority (CMA) and the Extraordinary General Assembly.

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