Saudi Vitrified Clay Pipes Co. Board invites its shareholders to attend the Extraordinary General Assembly meeting which include the Decrease of the company’s capital (The First Meeting) In presence and via modern technology means

Sunday, 27 September 2026

 

Element ListExplanation
Introduction The Board of Directors of Saudi Vitrified Clay Pipes Co. (the “Company”) invites the Company’s shareholders to attend the Extraordinary General Meeting, which includes the reduction of the Company’s capital (First Meeting), scheduled to be held on Thursday, 22 October 2026G, corresponding to 11 Jumada Al-Awwal 1448H, at 19:00, both in person and remotely through modern technology means using the Tadawulaty platform.
City and Location of the Extraordinary General Assembly's Meeting In person at the Company’s head office located at Al-Aqaria Al-Sittin, Building No. 3, Third Floor, Salah Al-Din Al-Ayyubi Road, Riyadh, as per the location below: https://maps.app.goo.gl/6Fz6Fg5szXrrTw4x6

as well as via modern technology means through Tadawulaty services.
Hyperlink of the Meeting Location Click Here
Date of the General Assembly's Meeting 2026-10-22 Corresponding to 1448-05-11
Time of the General Assembly’s Meeting 19:00
Methodology of Convening the General Assembly’s Meeting Attendance in-person and via modern technology means
Attendance Eligibility, Registration Eligibility, and Voting End Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee.
Quorum for Convening the General Assembly's Meeting The Extraordinary General Assembly Meeting shall be valid if attended by shareholders representing at least half of the Company’s shares with voting rights. If the required quorum for holding the First Meeting is not met, the Second Meeting shall be held one hour after the expiry of the period specified for convening the First Meeting. The Second Meeting shall be valid if attended by shareholders representing at least one-quarter of the Company’s shares with voting rights.
Meeting Agenda 1)Voting on the Board of Directors’ recommendation to reduce the Company’s capital as follows:

Capital before the reduction: SAR 150,000,000

Capital after the reduction: SAR 45,428,750

Percentage of capital reduction: 69.714167%

Number of shares before the reduction: 15,000,000 shares

Number of shares after the reduction: 4,542,875 shares

Reason for the capital reduction: To restructure the Company’s capital by offsetting an amount of SAR 104,571,250 against the accumulated losses.

Method of capital reduction: Cancellation of 10,457,125 shares, representing 0.69714167 share for every one (1) share held.

Effective date of the capital reduction: If this item is approved, the capital reduction resolution shall become effective with respect to the Company’s shareholders who own shares on the date of the Extraordinary General Assembly Meeting and who are registered in the Company’s shareholders register maintained with the Securities Depository Center Company (Edaa) at the end of the second trading day following the date of the Extraordinary General Assembly Meeting at which the capital reduction is approved.

Impact of the capital reduction on the Company’s obligations: The reduction of the Company’s capital will have no impact on the Company’s financial obligations, operations, financial or operational performance, or regulatory standing.

Amending Article (7) of the Company’s Bylaws relating to the Company’s capital. (Attached).

Amending Article (8) of the Company’s Bylaws relating to subscription to the capital. (Attached).
Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right Shareholders are entitled to discuss the items included on the agenda of the Extraordinary General Assembly Meeting and to raise questions in relation thereto. Shareholders may also vote remotely on the Meeting’s agenda through the electronic voting service via the following link:

www.tadawulaty.com.sa

Alternatively, shareholders may cast their votes during the in-person Meeting.
Details of the electronic voting on the Assembly’s agenda Shareholders registered on the Tadawulaty electronic services website will be able to vote remotely on the items of the Extraordinary General Assembly through the Electronic Voting service. Voting will commence at 01:00 a.m. on Monday, 19/10/2026G, corresponding to 08/05/1448H, and will remain available until the end of the Extraordinary General Assembly meeting.

Registration and voting through Tadawulaty services will be available free of charge to all shareholders using the following link:

www.tadawulaty.com.sa
Method of Communication in Case of Any Enquiries Contact Information

Tel.: 0114769192

Fax: 0114782458

Email:

nouf@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.