19
Jul
10:37
Arabian Pipes’ board renews call for capital increase
Saudi Arabia-based Arabian Pipes Company (APC) says its board has recommended to increase the company’s share capital by SAR 150 million ($40m) by offering a rights issue, Kallanish notes.
The capital hike is aimed at “supporting working capital, strengthening the company's financial position, reducing the loans rate, developing and modernising the company's factories in Riyadh and Jubail, and expanding the number of products supporting pi…
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Very good overview of the weekly steel market.
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