Arabian Pipes completes fractional share sale following capital raise

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Riyadh – Mubasher: Arabian Pipes Company has completed the deposit of proceeds from the sale of fractional shares into the accounts of eligible shareholders.

The sale follows the company’s capital increase approved during the extraordinary general assembly meeting held on 24 August 2026.

The company concluded the sale of fractional shares on 30 August 2026, disposing of a total of 5,926 shares. The process generated total proceeds of SAR 30,992, achieved at an average selling price of SAR 5.23 per share.

Arab Bank handled the distribution process, depositing the funds directly into the bank accounts linked to the investment portfolios of entitled shareholders on 21 September 2026.

Arabian Pipes advised that shareholders who encounter issues with the deposit process should visit the nearest branch of Arab Bank to receive their entitlements.

Investors may also contact the company’s investor relations department via email for further inquiries regarding the distribution.

Source: Mubasher Source: {{details.article.source}}