Logo of East Pipes Integrated Co.
The lock-up period imposed on East Pipes Integrated Co. for Industry’s major shareholders ends today, Aug. 14 – six months after its shares were listed on the Saudi Exchange (Tadawul) on Feb. 14, 2022.
The lock-up was imposed on the major shareholders owning a total of 66.51% of the company’s capital.
These shareholders may now dispose of their shares without the need to obtain prior approval from the Capital Market Authority (CMA).
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Company's Shareholders |
||
|
Shareholders |
Number of shares (mln shares) |
Stake (%) |
|
Welspun Group |
7.35 |
35.01 % |
|
Aziz Co. |
4.19 |
19.95 % |
|
Vision Investment |
2.43 |
11.55 % |
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