Arabian Pipes Co. — M&A Activity 2014

Nov 5, 2014

Arabian Pipes Company announces completion of all legal procedures for the purchase of the entire share of Yadong Anti-corrosion (INT) Co. Ltd in Arabian-Yadong Coating Co. Ltd

2200 · 05/11/2014 08:59:12 · Announcement #36080 · View on Saudi Exchange

Arabian Pipes Company announces completion of all legal procedures for the purchase of the entire share of Yadong Anti-corrosion (INT) Co. Ltd in Arabian-Yadong Coating Co. Ltd

With reference to previous announce in Tadawul dated 1 Jan 2011, Arabian Pipes Company announces completion of all legal procedures for the purchase of the entire share of Yadong Anti-corrosion (INT) Co. Ltd (British Nationality) in Arabian-Yadong Coating Co. Ltd, which represent 50% of the total shares of the company, on Tuesday 11-1-1436H corresponding to November 4, 2014. Therefore, Arabian-Yadong Coating Co. Ltd, which owns a pipe coating plant in Riyadh, Saudi Arabia, is now 100% owned by Arabian Pipes Company and new commercial registration for the company was issued today as a branch of Arabian Pipes Company.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.