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Anabeeb General Assembly Discusses 26% Capital Boost
The Board of Directors of the Arab Pipes Company (Anabeeb) will hold an extraordinary general meeting on July 27, 2026, to discuss a capital increase of 26% from 200 million SAR to 252 million SAR, through the issuance of 50 million free shares to shareholders, in addition to allocating 2 million shares as part of the employee incentive program. This move aims to support the company's capital base and strengthen future growth plans. The shareholders will vote on the capital increase, the employee share program, and amendments to the company's bylaws.
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