Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- Energy is at the heart of AI revolution, says Aramco executive
- Over 60% of Saudi firms highly aware of AI-driven cyber threats: Cisco Index
- Bahrain's non-oil exports of national origin rise 12% to $2.8bn in Q3
- GCC banks seen holding stable credit strength in 2026 despite event risks, says S&P
- Closing Bell: Saudi main index closes in red at 10,687
- Saudi FM company Efsim plans IPO, to list 30pc shares
- GFH Partners acquires majority stake in Devmark
- US retail sales miss expectations as consumers battle higher prices
- Qatar keen to diversify investment ventures with Azerbaijan
- QSE index closes lower
22/09/2025 06:12 AST
Saudi Vitrified Clay Pipe Company has announced to its shareholders that it has signed an agreement to sell the assets of its second plant, located in the Second Industrial City in Riyadh, for a total sale value of SAR45 million ($12 million).
The agreement with Al-Mutahida Al-Namothajiya Industries Company to sell also covers the assignment of the land lease on which the plant is established, said a filing to the Saudi Stock Exchange.
This transaction is aligned with the company's strategic plans to enhance asset and resource utilisation efficiency and to support future growth, it said.
The plant produces vitrified clay pipes and related fittings. The company said the sale is due to the decline in demand for vitrified clay pipes and the limited economic feasibility of retaining the second plant, while achieving higher economic feasibility through selling the second factory and keep producing clay pipes and accessories from the company's first factory. The proceeds from the sale will be utilized to fund operating activities, in the best interests of the company and its shareholders, it said.
The transaction is expected to generate a capital gain of SAR20.1 million.
The completion of the transaction remains subject to MODON's approval of the lease assignment.
Trade Arabia
06/04/2015
The Board of Directors of Saudi vitrified clay pipes co. has recommended the distribution of dividend to the shareholders for the period Second quarter of 2015 as following:
1.Total amount o
Tadawul
18/02/2015
The Board of Directors of Saudi vitrified clay pipes co. has recommended the distribution of dividend to the shareholders for the period First quarter of 2015 as following: 1.Total amount of distrib
Tadawul
16/02/2014
The Board of Directors of Saudi vitrified clay pipes co. has recommended the distribution of dividend to the shareholders in the meeting at 13/04/1435 H , 13/02/2014 G for the period First quarter of
Tadawul
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| MAADEN | 61.60 | -0.60 (-0.97 |
| SABIC | 55.50 | -0.25 (-0.45 |
| SABICAGRINUTRIENTS | 117.00 | 0.00 (0.00 |
| LIMEINDUSTRIES | 12.16 | 0.11 (0.91 |
| APICO | 36.92 | -0.08 (-0.22 |
26/11/2025
AI is driving generational opportunity across every industry, society, and economy - but at the crux of this global transformation is the crucial relationship between AI and energy, Aramco's Executiv
Arab News
26/11/2025
Efsim Facilities Management Company, a leading provider of integrated facilities management (IFM) services across the Kingdom of Saudi Arabia, today (November 25) announced its intention to proceed w
Trade Arabia
26/11/2025
GFH Partners, a Dubai International Financial Center (DIFC) headquartered investment manager and the global real estate investment arm of GFH Financial Group, has acquired a majority stake in Devmark
Trade Arabia
25/11/2025
Taqa Energy Services, a subsidiary of Abu Dhabi National Energy Company (Taqa), has signed an agreement with Sdeira Group, a subsidiary of AD Ports Group, to implement one of the emirate's largest bu
Trade Arabia
25/11/2025
Saudi Real Estate Company (Al Akaria) has announced the signing of a framework agreement with Expo 2030 Riyadh Company to execute the early works for the Expo 2030 Riyadh project.
The contra
Trade Arabia
Financial Information Co.
Saudi Arabia