SVCP seeks CMA approval for capital hike via rights issue

02/06/2025 Argaam
Logo ofSaudi Vitrified Clay Pipes Co. (SVCP)

Logo of Saudi Vitrified Clay Pipes Co. (SVCP)

Saudi Vitrified Clay Pipes Co. (SVCP) filed, on June 1, a request to the Capital Market Authority’s (CMA) for approval on its capital increase through a rights issue, according to a statement to Tadawul.
 
 

Any relevant developments in this regard will be announced in due course.

 

The company said in August 2024 it intends to increase capital from SAR 150 million to SAR 230 million through a rights issue worth SAR 80 million, Argaam earlier reported.

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