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APC

09 January, 2025 08:08

Arabian Pipes Co. Announces the Results of the Extraordinary General Assembly Meeting - Nominal Value Change (Second Meeting)

Element ListExplanation
Introduction Arabian Pipes Company Announces the Results of the Extra Ordinary General ( Second Meeting )
City and Location of the General Assembly's Meeting Riyadh - By using modern technology from the company's headquarters
Date of the General Assembly's Meeting 2025-01-08 Corresponding to 1446-07-08
Time of the General Assembly’s Meeting 20:00
Percentage of Attending Shareholders %27,72
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees 1) Mr. Youssef Bin Saleh Abalkhail. (Chairman) 2) Mr. Khalid bin Abdullah Abunayyan. (Vice chairman) 3) Mr. Saad Bin Falah al-Qahtani (Member of the Board of Directors) 4) Mr. Azzam Bin Saud Al-mudaiheem (Member of the Board of Directors) 5) Mr. Abdullah bin Mohammed Alharbi (Member of the Board of Directors) 6) Eng. Abdulaziz Ali Almasood (Member of the Board of Directors) 7) Mr. Maan Yousef Abalkhail (Member of the Board of Directors) 8) Eng. Ahmed Bin Ali Al-Lohaidan (Member of the Board of Directors – CEO)
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf 1) Mr. Khalid bin Abdullah Abunayyan. (Chairman of Executive committee) 2) Mr. Saad Bin Falah al-Qahtani. (Chairman of the Audit Committee) 3) Mr. Abdullah bin Mohammed Alharbi. (Chairman of the Remuneration and Nominations Committee and Chairman of the Governance and Risk Management Committee)
Voting Results on the Items of the General Assembly's Meeting Agenda's 1. Approved on the split of the company's shares according to the following: • Nominal value of the share before the amendment: (10) ten Saudi riyals • Nominal value of the share after the amendment: (1) one Saudi riyal • Number of shares before the amendment: 15,000,000 shares • Number of shares after the amendment: 150,000,000 shares • There is no change in the company's capital before and after the stock split process • Effective date: the split decision will be effective for all shareholders of the company who own shares on The Extraordinary General Assembly shall be held for shareholders registered in the company’s shareholders’ register at the Securities Depository Center Company (Edaa) at the end of the second trading day following the date of the Extraordinary General Assembly in which it was decided to split the shares. The effect of the decision shall be applied to the share price starting from the business day following the convening of the assembly, provided that the decision shall be applied with respect to the number of shares in shareholders’ portfolios at the end of the second trading day following the date of the Extraordinary General Assembly in which it was decided to split the shares. • Amending Article No. (7) of the company's bylaws related to (the company's capital)

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