Saudi Vitrified Clay Pipe Company (SVCP) announced the results of its Extraordinary General Assembly Meeting (Third Meeting), held on July 12, 2026, at 6:30 p.m. at the Company's headquarters in Riyadh via modern technology, with shareholder attendance representing 14.383% of voting shares. The assembly did not approve the proposed capital increase of SAR 80,000,000 through the issuance of 8,000,000 Rights Issue Shares, nor the related amendments to Articles (7) and (8) of the Company's Articles of Association concerning capital and subscription shares, nor the proposed amendments to Articles (20) and (27) relating to the powers of the Board of Directors. The assembly did, however, approve the appointment of Mr. Saleh bin Badr Al-Sanea as an Independent Board Member, effective January 4, 2026, to serve the remainder of the current Board term ending October 17, 2026. This announcement was released on July 13, 2026.

Original announcement:

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.