Saudi Vitrified Clay Pipes Co. Announces an update on The Saudi Clay Pipes Company 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.

Wednesday, 05 November 2025

 

Element ListExplanation
Previous Announcement The Saudi Clay Pipes Company 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 2025-09-21 Corresponding to 1447-03-29
Hyperlink to the Previous Announcement on the Saudi Exchange Website Click Here
Latest Developments Of The Announced Event The Saudi Authority for Industrial Cities and Technology Zones (MODON) approved the waiver of the lease agreement to Al-Mutahida Al-Namothajiyah Industries Company, and therefore the signed agreement becomes binding and its financial impact will be reflected within the third quarter of 2025 financial results. The Company is due to rcieve the balance of the transaction considerations in the amount of 36 million SR net of any fees or taxes.
The costs associated with the event, and if they have changed or not with indication of the reasons. Not applicable

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