Al-Fakhariyah finalizes regional partner deal

The Saudi Ceramic Pipe Manufacturing Company (Fakhariya) announced the completion of the transformation of Lavan Pipe Company in Qatar from a Limited Liability Company into a Saudi Joint Stock Company not listed on the stock exchange, with a capital of 45.51 million riyals. The ownership of the new company has been distributed with 55% to the Saudi company and 45% to the Qatari side, with full funding of the capital through in-kind contributions from the partners. This step is part of the company's business expansion plan and efforts to strengthen regional partnerships, reflecting the company's commitment to organizing its legal structure to enhance its market and technological capabilities in the pipe industry.

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