Riyadh: Saudi Tadawul Group announced that the listing and trading of shares of East Pipes Company for Industry will commence tomorrow 13/7/1443H, corresponding to 14/2/2022G, with the symbol 1321, international code (SA15GH80KKH0), and +/- 30% daily price fluctuation limits and +/- 10% static price fluctuation limits. These limits will be applied during the first three days of listing. From the fourth trading day onward, the daily price fluctuation limits will revert to +/- 10% and static price fluctuation limits will no longer apply.
The Securities Depository Centre (Edaa) announced that East Pipes securities subscribed to were deposited into the accounts of eligible securities holders as of last Thursday 10/2/2022G. SNB Capital has announced earlier the closing of subscription in 30% of East Pipes Capital of two hundred and ten million (210,000) Saudi Riyals
For more information on the prospectus, please visit the Capital Market Authority website (www.cma.org.sa) or the Company’s website (www.eastpipes.com).
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Overview of East Pipes Integrated Company for Industry
East Pipes Integrated Company for Industry is a leader of the Kingdom market for helical submerged arc- welding pipes, with a market share of more than 50%, by virtue of quality, diversity of large products in terms of diameter, excellent services, pipe coating, double jointing, and the customer’s confidence in its products. Established in Dammam on 16/06/1431H, corresponding to 30/05/2010G, East Pipes has advanced and integrated production lines in the second industrial city of Dammam: The helical submerged arch welding pipes plant, the double jointing plant, and the pipe coating plant, enabling the Company to provide integrated pipe solutions to its customers.
For more information, please visit the website of East Pipes Integrated Company for Industry, www.eastpipes.com
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