12:49 AM EDT, 09/08/2026 (MT Newswires) -- Saudi Vitrified Clay Pipes Co. (SASE:2360) secured approval from Saudi Arabia's Capital Market Authority for its proposed capital reduction. The clay pipes and fittings manufacturer plans to decrease its capital to 45.4 million Saudi riyals from 150 million riyals by reducing the number of shares to 4,542,875 shares from 15 million shares, according to a Monday release.

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