Tadawul: East Pipes goes ex-bonus today

19/10/2022 Argaam

Logo of  East Pipes Integrated Co.

Shares of East Pipes Integrated Company for Industry have their ex-bonus today, Oct. 19, in the event of the shareholder’s approval on the capital hike.

 

The company’s board decided a 50% capital hike to SAR 315 million from SAR 210 million by distributing one bonus share for every two shares held in order to boost capital base and finance future growth plans.

 

East Pipes aims to raise capital to provide sustainable returns to shareholders, while supporting the company's strategic investment plans.

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