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SVCP hits lowest price since TASI debut
15/06/2026
Argaam Exclusive
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Saudi Vitrified Clay Pipes shares plunged to their lowest price since listing on the Main Market (TASI) at SAR 16.28 today, June 15.
The stock is currently down 1%, with approximately 800,000 shares traded so far.
The company said its extraordinary general meeting (EGM), scheduled for June 14 to vote on a proposed SAR 80 million capital increase through the issuance of 8 million rights shares, was not held.
The planned increase would have raised SVCP’s capital by 53.33% from SAR 150 million to SAR 230 million.
| Year High (SAR) | Year Low (SAR) |
| 32.42 | 16.28 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 200.00 | 16.28 |
With today's decline, the stock's year-to-date losses have reached nearly 20%.
Market Data :
| Open | 19.11 |
| Low | 18.48 |
| High | 19.20 |
| Previous Close | 19.20 |
| Change (3M) | 14.87 % |
| Change (6M) | 6.74 % |
| Market Value | 285.00 |
| Avg. Volume (3M) | 215,360.12 |
| Avg. Turnover (3M) | 4,135,755.86 |
| Avg. Transaction (3M) | 917.91 |
| Change(12M) | (26.64 %) |
| YTD | (8.21 %) |
The company has not undertaken any capital adjustments since its market debut in May 2007.
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2026 | Reduction | 45.43 | (69.71%) |
| 2026 | Right Issue | 135.43 | 198.11% |
| 2026 | Right Issue Cancelled | 230.00 | 53.33% |
| 2007 | IPO | 150.00 | 0.00% |
Financial Performance :
Overview :
The company started operations as a limited liability company in Riyadh with capital of SAR 20 million in 1978. The company implemented the ISO 9001 quality management system in 1998. Subsequently, in 2006, it was converted into a closed Saudi joint-stock company and was transformed into a public joint-stock company in 2007.
The company specializes in the production, manufacture, import, export, and sale of clay pipes, their associated connections and accessories (including rubber a...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 285.00 |
| Shares Outstanding ((M)) | 15.00 |
| Recurring EPS ( Riyal) (TTM) | (3.69 ) |
| Book Value (BV) ( Riyal) (Latest announcement) | 3.03 |
| Recurring P/E (TTM) | Neg |
| Price/book | 6.27 |
| Dividend Yield (%) (Last Year) | - |
| Return on Average Assets (%) (TTM) | (23.57 ) |
| Return on Average Equity (%) (TTM) | (56.46 ) |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 325.93 |
| EV/adj EBITDA | (6.75) |
| EV/ EBITDA | - |
| EV/Revenues | 4.79 |
Call Request
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