‎SVCP: Laffan Qatar completes acquisition of 45% stake in Laffan Saudi

‎<p ><img src="https://argaamplus.s3.amazonaws.com/00177855-b05f-4b75-8324-561cc7124c98.png" ></p> <p class="ckeCaption" >SVCP’s ownership in Laffan Saudi will therefore stand at 55%</p> <hr> <p >Saudi Vitrified Clay Pipes Co. (<a href="https://www.argaam.com/en/tadawul/tasi/svcp" target="_blank">SVCP</a>)announced the completion of Laffan Qatar’s entry as a shareholder in Laffan Saudi through an in-kind capital increase, adjusting SVCP's ownership in Lafan Saudi to 55%.</p> <p ></p> <p >In a statement to <strong>Tadawul </strong>today, Sept. 16, the company said that approval was also granted for Laffan Saudi to convert from a single-member limited liability company into an unlisted Saudi joint stock company, with an issued capital of SAR 45.5 million, divided into 45.5 million ordinary shares at a nominal value of SAR 1 each, fully paid via in-kind contributions.</p> <p ></p> <p >Approval for Laffan Saudi’s conversion and the completion of Laffan Qatar’s entry as a shareholder was granted on Sept. 15, 2026, the statement added.</p> <p ></p> <p >According to <span ><strong>Argaam </strong></span>data, SVCP signed a memorandum of understanding (MoU) with Qatar-based Laffan Pipe Factory (LPF) in February 2024 to establish an industrial company engaged in the manufacturing and trading of high-density plastic pipes and accessories.</p> <p ></p> <p >In August 2024, the Saudi-listed firm signed a partnership agreement with Laffan Qatar, under which Laffan Qatar would become a 45% partner in Laffan Saudi.</p>

Publication

Argaam - Company Disclosures · Stock Exchange/Regulatory Announcements

Published

16th September 2026

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argaam.com

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