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Saudi Exchange Sets Fluctuation Limits for Saudi Vitrified Clay Pipes' Capital Reduction

MT Newswires·10/25/2026 08:16:28
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08:16 AM EDT, 10/25/2026 (MT Newswires) -- The Saudi Exchange outlined the fluctuation limits for Saudi Vitrified Clay Pipes (SASE:2360) following shareholder approval of the company's capital decrease. The limits will be based on the clay pipe and fittings manufacturer's share price of 48.10 Saudi riyals, with outstanding orders to be canceled, according to a Sunday bourse notice. Additionally, the company's shares will be suspended from trading for two days starting Sunday. Trading will resume after the Securities Depository Center, or Edaa, executes the share reduction in the portfolios of investors.