Saudi Steel Pipes Company

1320

SA12B050KK11

Iron & Steel

Market Closed - Saudi Arabian S.E. Other stock markets 05:50:03 16/07/2024 pm IST			5-day change	1st Jan Change
71.5 ^SAR	-0.14%		-3.51%	+96.97%

01/07	Tadawul Shares Close in Red; Saudi Aramco Gains Amid $25 Billion Contract Awards	MT
25/06	Saudi Steel Pipes Company Approves Cash Dividend for Financial Year Ended March 31, 2024, Payable on August 7, 2024	CI

Saudi Steel Pipes Company signed an agreement to acquire the remaining 30% stake in Titanium & Steel Manufacturing Company Limited from TSM Tech Co. Ltd. for SAR 1.

January 19, 2017

Saudi Steel Pipes Company (SASE:1320) signed an agreement to acquire the remaining 30% stake in Titanium & Steel Manufacturing Company Limited from TSM Tech Co. Ltd. for SAR 1 on February 22, 2016. Post completion, Saudi Steel Pipes Company will own 100% stake in Titanium & Steel Manufacturing Company Limited. TSM Tech has the option to re-acquire the same interest previously owned or part of it, if they are able to overcome their financial difficulties and be able to finance the buyback of their interest in Titanium & Steel Manufacturing Company Limited.

Latest news about Saudi Steel Pipes Company

Tadawul Shares Close in Red; Saudi Aramco Gains Amid $25 Billion Contract Awards	01/07	MT
Saudi Steel Pipes Company Approves Cash Dividend for Financial Year Ended March 31, 2024, Payable on August 7, 2024	25/06	CI
Saudi Steel Pipes Company Announces Director Changes	25/06	CI
Saudi Steel Pipe Declares FY23 Dividend Payout	24/05	MT
Saudi Steel Pipes Company Recommends Cash Dividend for the Financial Year 2023	23/05	CI
Saudi Steel Pipe Co Secures SAR139 Million Order from Aramco	15/05	MT
Saudi Steel Pipes Company Announces Contract Sign Off with Saudi Aramco	15/05	CI
Saudi Steel Pipes Company Reports Earnings Results for the First Quarter Ended March 31, 2024	07/05	CI
Saudi Steel Pipe Logs Increase in Q1 Profit, Revenue	28/04	MT
Saudi Arabia's Capital Markets Regulator Imposes SAR3.8 Million Fine on Local Investor	14/03	MT
Saudi Steel Pipes Company Reports Earnings Results for the Full Year Ended December 31, 2023	04/03	CI
Saudi Steel Pipes Company Receives Order Amounting to SAR 138.6 Million for Supply of Oil & Gas Steel Pipes to Saudi Aramco	06/02	CI
Saudi Steel Pipes Company Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	10/11	CI
Saudi Steel Pipes Company Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	10/23/10	CI
Saudi Steel Pipes Company completed the acquisition of additional 22.27% stake in Global Pipe Company from EEW Holding GmbH & Co. KG for $6.3 million.	17/23/17	CI
Saudi Steel Pipes Company Reports Earnings Results for the First Quarter Ended March 31, 2023	07/23/07	CI
Saudi Steel Pipes Company Reports Earnings Results for the Full Year Ended December 31, 2022	26/23/26	CI
Saudi Steel Pipes Company agreed to acquire additional 35% stake in Global Pipe Company from EEW Holding GmbH & Co. KG for $9.9 million.	07/22/07	CI
Saudi Steel Pipes Company Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	10/22/10	CI
Saudi Steel Pipe Co. Announces Contract Sign Off with Saudi Aramco	21/22/21	CI
Saudi Steel Pipe Co. Announces Contract Sign Off with Tenaris Global Services	29/22/29	CI
Saudi Steel Pipes Company Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	10/22/10	CI
Saudi Steel Pipe Co. Announces Contracts Sign Off with Tenaris Global Services	31/22/31	CI
Saudi Steel Pipes Company Announces Executive Appointments	08/22/08	CI
Saudi Steel Pipes Company Announces Management Appointments	25/22/25	CI

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Company Profile

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.

Sector

Iron & Steel

Calendar

01/08/2024 - Q2 2024 Earnings Release (Projected)

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Ratings for Saudi Steel Pipes Company

Trading Rating

Investor Rating

ESG Refinitiv

C-

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Analysts' Consensus

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

71.6 SAR

Average target price

46.85 SAR

Spread / Average Target

-34.57%

Consensus

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Quarterly revenue - Rate of surprise

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Sector Iron, Steel Mills & Foundries

	1st Jan change	Capi.
SAUDI STEEL PIPES COMPANY	+96.97%	965M
JSW STEEL LIMITED	+6.15%	27.14B
BAOSHAN IRON & STEEL CO., LTD.	+18.21%	20.94B
JINDAL STEEL & POWER LIMITED	+35.02%	12.31B
CHINA STEEL CORPORATION	-14.44%	10.95B
CITIC PACIFIC SPECIAL STEEL GROUP CO., LTD	-8.19%	9.13B
BHARAT FORGE LIMITED	+33.65%	9.11B
INNER MONGOLIA BAOTOU STEEL UNION CO., LTD.	-2.74%	8.82B
JINDAL STAINLESS LIMITED	+39.49%	7.78B
TERNIUM S.A.	-12.17%	7.35B

Iron, Steel Mills & Foundries