Saudi Vitrified Clay Pipe Company receives approval to acquire Arabian Company for Water Pipe Industry

Riyadh, Rabi’I 17, 1437, December 28, 2015, SPA — Saudi Vitrified Clay Pipe Company said that it has received a letter from the Competition Council stating the cancelation of the Council’s decision on non-approval of the request of the economic concentration made by the Company for the acquisition of Arabian Company for Water Pipe Industry Limited issued recently.
The company indicated in an announcement published today on the financial market site “Tadawul” that it received a letter today from the Competition Council referring to the cancellation of its previous decision not to approve the request of economic concentration, and its approval of the completion of the economic concentration between the two companies.
–SPA
12:14 LOCAL TIME 09:14 GMT