East Pipes Integrated Company for Industry’s will complete, on Nov. 16, depositing around SAR 387,364 proceeds from the sale of fractional shares in the accounts of eligible shareholders, according to a bourse statement.

 

The company sold 8,102 shares at an average price of SAR 47.83 each.

 

The company's shareholders approved, on Aug. 17, the board’s recommendation to increase capital by 50% from SAR 210 million to SAR 315 million, during the extraordinary general meeting (EGM), held on Oct. 19.

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