Arabian Pipes Co. announces the deposit of the amounts from selling the shares fractions resulted from the company’s capital Increase in the eligible shareholder’s accounts
| Element List | Explanation |
|---|---|
| Introduction | Arabian Pipes Co. announces the completion of the process of selling fractional shares and deposit of proceeds to eligible shareholders resulting from the increase in the company's capital as approved by the Extraordinary General Assembly (Second Meeting) held Wednesday, Dhu al-Hijjah 07, 1446 AH, corresponding to June 03, 2025 AD |
| Share’s Fractions Sale Completion Date | 2025-06-17 Corresponding to 1446-12-21 |
| Number of Sold Shares | 5012 |
| Share’s Fractions Selling Returned Amount | 29,320.20 SR |
| Average Selling Price per share | 5.85 |
| Deposit Date of The Return Amount from Share’s Fractions Selling in Eligible Shareholder’s Accounts | 2025-06-30 Corresponding to 1447-01-05 |
| Name and Contact Method of Responsible Entity Distributing The Return Amount from Share’s Fractions Selling in Eligible Shareholder’s Accounts | The proceeds from the sale of fractional shares were distributed through Arab National Bank by depositing the due amounts in the company's shareholders local bank accounts, which are linked to their investment were deposited.
In the event that an eligible shareholder has not received their payment, the shareholder can receive it directly from any Arab national Bank branch and if there are any further enquiries, please communicate with the Company Investor email address: contact@arabian-pipes.com |
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