Saudi Vitrified Clay Pipes Co. calls its shareholders to attend the Extraordinary General Assembly meeting which include the Increase of the company’s capital ( Third Meeting )

Monday, 29 June 2026

 

Element ListExplanation
Introduction The Board of Directors of Saudi Vitrified Clay Pipe Company (SVCP) is pleased to invite the shareholders to participate and vote in the Extraordinary General Assembly Meeting, which includes the proposed increase of the Company’s capital (Third Meeting). The meeting is scheduled to be held through modern technology on Sunday, 12/07/2026G, corresponding to 27/01/1448H, at 6:30 PM.
City and Location of the Extraordinary General Assembly's Meeting Via modern technology from the Company’s head office at Al-Aqariyah Al-Siteen, Al-Malaz, Riyadh, through the Tadawulaty system.
Hyperlink of the Meeting Location Click Here
Date of the General Assembly's Meeting 2026-07-12 Corresponding to 1448-01-27
Time of the General Assembly’s Meeting 18:30
Methodology of Convening the General Assembly’s Meeting Via modern technology means
Attendance Eligibility, Registration Eligibility, and Voting End The right to attend is for shareholders registered in the Company’s shareholders register at the Securities Depository Center (Edaa) at the end of the trading session preceding the General Assembly Meeting, in accordance with the relevant laws and regulations.

The right to register attendance ends at the time the meeting is convened, and voting rights end once the vote counting committee completes the vote counting process.
Quorum for Convening the General Assembly's Meeting Pursuant to Article (32) of the Company’s Bylaws, and following the failure to achieve the required quorum for the first and second meetings, this meeting (the Third Meeting) has been convened in accordance with the provisions of Article (91) of the Companies Law. The meeting shall be valid regardless of the number of voting shares represented therein.
Meeting Agenda 1. Voting on the increase of the Company’s capital by a total amount of SAR 80,000,000 to address accumulated losses amounting to 50% of its capital and to continue the Company’s operations in accordance with Article (132) of the Companies Law, through a rights issue of 8,000,000 shares, in line with the proposed capital increase (Attached are the Prospectus and the Auditor’s Report).

Capital Increase Details:

Capital before the increase: SAR 150,000,000.

Number of shares before the increase: 15,000,000 shares.

Increase percentage: 53.33%.

Increase amount: SAR 80,000,000.

Type of increase: Rights Issue.

Number of new shares: 8,000,000 shares.

Capital after the increase: SAR 230,000,000.

Number of shares after the increase: 23,000,000 shares.

Reason for the Capital Increase:

To address accumulated losses and support the Company’s growth strategy by diversifying its products through expansion into the cement products industry at Saudi Land Factory and the high-density plastic products factory, where the installation of production lines is currently being completed, in addition to supporting operational activities and strengthening the Company’s financial position.

• Amendment of Article (7) of the Company’s Bylaws relating to Capital (attached: article text before and after amendment).

• Amendment of Article (8) of the Company’s Bylaws relating to Subscription Shares (attached: article text before and after amendment).

Entitlement to Rights Issue Shares:

Subject to approval of this item, entitlement to the rights issue shares shall be granted to shareholders who own shares on the date of the Extraordinary General Assembly Meeting and are registered in the Company’s shareholders register maintained by the Securities Depository Center (Edaa) at the end of the second trading day following the date of the Extraordinary General Assembly Meeting.

2. Voting on the amendment of Article (20) of the Company’s Bylaws relating to the powers of the Board of Directors.

3. Voting on the amendment of Article (27) of the Company’s Bylaws relating to the additional powers of the Board of Directors.

4. Voting on the appointment of Mr. Saleh bin Badr Al-Sanea as an Independent Member of the Board of Directors, effective from 04/01/2026, to complete the current Board term ending on 17/10/2026, replacing the former member Dr. Muayyad bin Isa Al-Qartas (Non-Executive Board Member and Member of the Audit Committee) (CV attached).
Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right Each shareholder has the right to discuss the items on the agenda and raise questions. Registration and voting through Tadawulaty services will be available free of charge via the following link:

[www.tadawulaty.com.sa](http://www.tadawulaty.com.sa)
Details of the electronic voting on the Assembly’s agenda Electronic voting will commence at 1:00 a.m. on Thursday, 09/07/2026G, and will continue until the end of the Extraordinary General Assembly Meeting.
Method of Communication in Case of Any Enquiries For any inquiries, shareholders may contact the Shareholder Relations Department:

Tel: +966 11 476 9192

Fax: +966 11 478 2458

Email: svcp@svcp-sa.com
Attached Documents         

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.