APC BOD Recommends Splitting Share Nominal Value to SAR 1

Arabian Pipes Co. (APC) announced on Thursday the recommendation of the Board of Directors (BOD) to the Extraordinary General Assembly to split the nominal value of the share from (10) Saudi Riyals per share to (1) Saudi Riyal per share, so that the number of the company’s shares after the amendment becomes (150,000,000.00) shares instead of (15,000,000.00) shares, with the company’s commitment to complete the necessary related procedures.