Riyadh – Mubasher: East Pipes Integrated Company for Industry invited its shareholders to attend an Ordinary General Meeting (OGM) scheduled for 27 July 2026.
The meeting will be conducted virtually via modern technology and the Tadawulaty system, as per a bourse filing.
The agenda includes a vote on authorizing the Board of Directors to distribute interim dividends on a quarterly or semi-annual basis for the 2026-2027 fiscal year (FY).
Shareholders will also review several related-party contracts involving Welspun Corp Limited and Welspun Pipes Inc., with a total value of SAR 173.18 million.
Specific transactions include pipe purchases worth SAR 112.17 million and a machinery purchase valued at SAR 712,500.
Additional items for approval include the payment of SAR 3.55 million in remuneration for board and committee members for the fiscal year ended 31 March 2026.
The assembly will also vote on an additional fee of SAR 40,000 for auditor Ernst & Young for reviewing related party transaction reports. The meeting requires a legal quorum of shareholders representing at least 25% of the company's voting shares. Electronic voting is scheduled to begin at 01:00 on 22 July 2026.
