Anabeeb to Raise Capital by 26%
The Board of Directors of the Arab Pipes Company has approved the invitation for shareholders to attend the extraordinary general assembly meeting on July 27, 2026, to vote on a capital increase of 26%, from 200 million riyals to 252 million riyals. This will be achieved through the capitalization of 52 million riyals from retained earnings and the issuance of 50 million free shares to shareholders. The remaining shares will be allocated to an employee incentive program, aimed at strengthening the capital base and supporting future growth plans. The agenda also includes amendments to legal provisions related to capital and the employee share program.
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