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Arabian Pipes Co Deposits Proceeds from Fractional Share Sale

MT Newswires·09/21/2026 09:53:17
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09:53 AM EDT, 09/21/2026 (MT Newswires) -- Arabian Pipes Co (SASE:2200) said Monday it deposited proceeds from the sale of fractional shares resulting from its capital increase. Proceeds were deposited into the local bank accounts of eligible shareholders on the same day. The steel tube manufacturer's fractional share sale, completed in August, generated 30,992.98 Saudi riyals after selling 5,926 shares at an average price of 5.23 riyals each.