Business description: Saudi Steel Pipes Company

Saudi Steel Pipes Co SJSC is a Saudi Arabia-based company, which is engaged in the steel pipes manufacturing sector in the Middle East and North Africa region. The Company operates through two segments: Steel Pipe Segment includes manufacturing of welded steel pipes by high frequency induction welding and galvanizing, coating, threading and bending of the pipes used in oil and gas, water and construction sectors, as well as Process Equipment Segment, which includes design, manufacture, assemble and maintain heavy process equipment for the utilization of oil and gas, power generation, desalination, mining, solar energy and offshore plants. Its product range includes black and galvanized steel pipes, ERW/HFI galvanized and threaded steel pipes, seamless pipes, pipes with three-layer external coating by polyethylene and polypropylene in different diameters, pipes with epoxy coating inside, bended pipes in different diameters, space frame and submerged arc welded pipes.

Sales by Activity: Saudi Steel Pipes Company

Fiscal Period: December 2020 (SAR) 2021 (SAR) 2022 (SAR) 2023 (SAR) 2024 (SAR)

Steel Pipes

475M 373M 748M 1.33B 1.63B

Process Equipment

33.62M - - - -

Geographical breakdown of sales: Saudi Steel Pipes Company

Fiscal Period: December 2020 (SAR) 2021 (SAR) 2022 (SAR) 2023 (SAR) 2024 (SAR)

Saudi Arabia

496M 341M 378M 1.01B 1.49B

Other Countries

12.02M 32.75M 370M 325M 141M

Executive Committee: Saudi Steel Pipes Company

Manager TitleAgeSince
Chief Executive Officer - 01/07/2023
Director of Finance/CFO - 13/10/2020
Corporate Secretary - 07/06/2022

Composition of the Board of Directors: Saudi Steel Pipes Company

Director TitleAgeSince
Director/Board Member 56 07/06/2016
Director/Board Member - 21/01/2019
Director/Board Member - 21/01/2019
Director/Board Member - 07/06/2019
Director/Board Member - 28/10/2020
Director/Board Member - 07/06/2022
Director/Board Member - 07/06/2022
Chairman 59 07/06/2022

Shareholders: Saudi Steel Pipes Company

NameEquities%Valuation
Tenaris Saudi Arabia Ltd.
47.79 %
24,374,430 47.79 % 267 M ﷼
16.37 %
8,350,740 16.37 % 92 M ﷼
State Street Global Advisors Ltd.
0.0303 %
15,459 0.0303 % 169 490 ﷼

Company details: Saudi Steel Pipes Company

Saudi Steel Pipe Co.

39th Street Second Industrial City

31463, Dammam

+

http://www.sspipe.com
address Saudi Steel Pipes Company(1320)

Iron, Steel Mills & Foundries

Change 5d. change 1-year change 3-years change Capi.($)
-0.48%-2.87%-39.84%+80.25% 502M
-1.19%-2.64%+22.15%+83.10% 32.78B
-0.28%-1.39%-3.66%+6.29% 22.29B
-1.29%-5.56%+66.30%+50.00% 20.09B
-0.30%-5.13%+29.06%+102.92% 13.1B
+0.28%-2.11%+47.33%-12.75% 12.92B
+1.28%+0.66%+77.05%+132.30% 10.01B
+3.11%-4.10%-17.94%-35.39% 9.53B
-1.88%-3.29%+12.23%+32.81% 8.32B
-2.47%-10.01%+26.89%-13.45% 7.68B
Average -0.32%-3.35%+21.96%+42.61% 13.72B
Weighted average by Cap. -0.47%-3.47%+28.11%+45.54%
Trader
Investor
Global
Quality
ESG MSCI
B
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
37.24SAR
Average target price
50.87SAR
Spread / Average Target
+36.59%

Quarterly revenue - Rate of surprise

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