Saudi Vitrified Clay Pipes Co. Announces an update on the sale of its second factory, which produces clay pipes and related accessories, for a total value of 45,000,000 riyals, excluding any fees or taxes.

Wednesday, 05 November 2025

 

Element ListExplanation
Previous Announcement Saudi Vitrified Clay Pipe Co. Announces an update on The Saudi Clay Pipe Co announces the sale of its second factory, which produces clay pipes and related accessories, for a total value of 45,000,000 riyals, excluding any fees or taxes.
Date of Previous Announcement on Saudi Exchange’s Website 2025-10-08 Corresponding to 1447-04-16
Hyperlink to the Previous Announcement on the Saudi Exchange Website Click Here
Latest Developments Of The Announced Event The Saudi Vitrified Clay Pipe Co. Company announces the receipt of the second and final payment of the sale value of the second factory, amounting to (36,000,000) thirty-six million Saudi riyals, excluding any taxes or fees. This comes after the land subject to the agreement has been handed over to the buyer along with the assets located therein. Thus, the company has completed all procedures related to the deal, and the financial impact of this process will appear in the financial results for the third quarter of 2025 .
The costs associated with the event, and if they have changed or not with indication of the reasons. Not applicable

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