Saudi Steel Pipe Co (1320)

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News

9 August 09:06 AM Saudi Steel Pipe’s net profits fall 32% in H1-26 results

Riyadh - Mubasher: Saudi Steel Pipe Company recorded SAR 30 million in net profit during the second quarter (Q2) of 2026, an annual drop of 57.75% from SAR 71 million. The company attributed the decrease primarily to the recording of an expected …

Company News

23 July 07:59 AM Saudi Steel Pipe reveals SAR 93m agreement with Aramco

Riyadh – Mubasher: Saudi Steel Pipe Company has secured a contract with Saudi Arabian Oil Company (Aramco) for the supply of oil and gas steel pipes valued at approximately SAR 92.70 million. The agreement, which was officially signed on 22 July …

Companies Investments

28 June 11:43 AM Saudi Steel Pipe nods for cash dividends, related-party contracts

Riyadh – Mubasher: Saudi Steel Pipe Company’s shareholders approved a significant cash dividend distribution and ratified several related-party transactions during its 21st Ordinary General Assembly meeting. Held on 25 June 2026, via modern …

Cash Dividends

1 June 09:59 AM Saudi Steel Pipe awarded SAR 65m supply deal with Aramco

Riyadh – Mubasher: Saudi Steel Pipe Company was awarded a SAR 65 million contract from Saudi Arabian Oil Company (Aramco), according to a bourse disclosure. The company signed the deal on 31 May 2026 to supply oil and gas steel pipes to Saudi …

Company News

19 May 03:55 PM Saudi Steel Pipe’s board eyes SAR 38m cash dividends for 2025

Riyadh - Mubasher: The board of Saudi Steel Pipe Company recommended cash dividends amounting to SAR 37.90 million, representing 7.50% of the capital, for 2025. The firm will pay out a dividend of SAR 0.75 per share for 50.54 million eligible …

Board of Directors

30 March 10:50 AM Saudi Steel Pipe, Aramco pen SAR 127m supply deal

Riyadh – Mubasher: Saudi Steel Pipe Company inked a SAR 127 million deal to supply oil and gas steel to Saudi Arabian Oil Company (Aramco), according to a bourse disclosure. The agreement is expected to have a financial impact, reflecting during …

Companies Investments

19 February 02:46 PM Saudi Steel Pipe’s net profits up to SAR 192m in 2025

Riyadh - Mubasher: Saudi Steel Pipe Company registered SAR 192 million in net profits attributable to shareholders during 2025, which reflected an annual growth of 6.08% from SAR 181 million. The earnings per share (EPS) hit SAR 3.79 in the …

Financial Results

29 January 08:40 PM Saudi Steel Pipe’s unit inks SAR 300mn offshore contract with Subsea Seven

Riyadh - Mubasher: Global Pipe Company, a subsidiary of Saudi Steel Pipe Company, has signed a contract valued at SAR 300 million with Subsea Seven Saudi Company (SS7). The agreement covers supplying specialized line pipe for the SS7 offshore …

Companies Investments

12 June 2025 06:08 AM Saudi Steel Pipe announces 3 key appointments

Riyadh – Mubasher: Saudi Steel Pipe Company named Mohammed AbdulAziz AbdulRahman Al Shayea as the board’s Chairman for the next three years, according to a bourse filing The firm also named Carlos A. Ferreyra as the Vice Chairman for the upcoming …

Board of Directors

1 May 2025 03:41 PM Saudi Steel Pipe reports lower profits at SAR 69m in Q1-25

Riyadh – Mubasher: Saudi Steel Pipe Company registered SAR 69 million in net profit during the first quarter (Q1) of 2025, an annual decline of 9.21% from SAR 76 million. The company generated revenues valued at SAR 454 million in Q1-25, down …

Financial Results

4 August 2024 10:10 AM Saudi Steel Pipe achieves SAR 148m profits in H1-24

Riyadh – Mubasher: The net profits of Saudi Steel Pipe Company stood at SAR 148 million in the first half (H1) of 2024, higher by 57.44% than SAR 94 million in H1-23. The revenues amounted to SAR 987 million as of 30 June 2024, an annual leap of …

Financial Results

15 May 2024 01:29 PM Saudi Steel Pipe inks SAR 139m contract with Aramco

Riyadh – Mubasher: Saudi Steel Pipe Company has signed a SAR 138.60 million agreement to supply oil and gas steel pipes to Saudi Arabian Oil Company (Aramco). The contract was signed on 15 May 2024 for up to 12 months, according to a bourse …

Companies Investments

28 April 2024 01:13 PM Saudi Steel Pipe logs 1,166% profit surge in Q1-24

Riyadh – Mubasher: Saudi Steel Pipe Company posted a 1,166% year-on-year (YoY) increase in net profit to SAR 76 million in the first quarter (Q1) of 2024 from SAR 6 million. Revenues soared 208.38% YoY to SAR 515 million in Q1-24 from SAR 167 …

Financial Results

25 February 2024 00:44 PM Saudi Steel Pipe logs SAR 217m profits in 2023

Riyadh – Mubasher: Saudi Steel Pipe Company witnessed 301.85% higher net profits at SAR 217 million in 2023, versus SAR 54 million in the January-December 2022 period. Revenues hiked by 78.47% to SAR 1.33 billion last year from SAR 748 million in …

Financial Results

6 November 2023 06:27 PM Saudi Steel Pipe posts 205.87% surge in 9M-23 net profit

Riyadh – Mubasher: The net profit after Zakat and tax of Saudi Steel Pipe Company soared by 205.87% to SAR 131.74 million in the first nine months (9M) of 2023, compared to SAR 43.07 million in the same period of the previous year. The earnings …

Financial Results

27 April 2023 03:30 PM Saudi Steel Pipe generates 56% lower profits in Q1-23

Riyadh – Mubasher: The net profits after Zakat and tax of Saudi Steel Pipe Company plummeted by 56.16% to SAR 6.37 million during the first quarter (Q1) of 2023, versus SAR 14.53 million in Q1-22. Revenues amounted to SAR 166.89 million as of 31 …

Financial Results

16 February 2023 03:28 PM Saudi Steel Pipe’s profits leap 5,729% in 2022

Riyadh – Mubasher: Saudi Steel Pipe Company logged net profits after Zakat and tax worth SAR 54.21 million in 2022, an annual jump of 5,729% from SAR 930,000. The Tadawul-listed firm generated revenues worth SAR 747.62 million in 2022, higher by …

Financial Results

6 November 2022 05:53 PM Saudi Steel Pipe turns profitable at SAR 43m in 9M-22; accumulated losses unveiled

Riyadh – Mubasher: Saudi Steel Pipe Company shifted to net profits after Zakat and tax worth SAR 43.07 million in the first nine months (9M) of 2022, versus net losses of SAR 640,000 in 9M-21. Meanwhile, the revenues hiked by 127.64% year-on-year …

Financial Results

23 September 2022 00:03 AM Saudi Steel Pipe pens SAR 150m supply deal with Aramco

Riyadh – Mubasher: Saudi Steel Pipe Company has inked a SAR 149.80 million contract with Saudi Arabian Oil Company (Aramco) on 21 September 2022. Upon the 15-month deal, Saudi Steel Pipe will provide Aramco with oil and gas steel pipes, according …

Companies Investments

30 August 2022 02:35 PM Saudi Steel Pipe inks SAR 88m contract with Uruguay’s TGS

Riyadh – Mubasher: Saudi Steel Pipe Company has signed an agreement worth SAR 87.80 million with Uruguay-based Tenaris Global Services (TGS). Upon the five-month supply deal, the Tadawul-listed firm will provide TGS with oil and gas steel pipes, …

Companies Investments

1 August 2022 11:47 AM Saudi Steel Pipe seals SAR 95m supply deal with Uruguay’s TGS

Riyadh – Mubasher: Saudi Steel Pipe Company has inked a supply contract worth SAR 94.70 million with Uruguay-based Tenaris Global Services (TGS). Under the five-month agreement, the Saudi firm will provide TGS with oil and gas steel pipes, …

International Agreements

30 June 2022 06:17 PM Saudi Steel Pipe signs SAR 58m supply contract with Aramco

Riyadh – Mubasher: Saudi Steel Pipe Company has signed a contract worth SAR 58 million with Saudi Arabian Oil Company (Aramco) on 30 June 2022. Under the 12-month agreement, Saudi Steel Pipe will provide Aramco with oil and gas steel pipes, …

Companies Investments

8 June 2022 10:11 AM Saudi Steel Pipe appoints new Chairman, Vice Chairman

Riyadh – Mubasher: Saudi Steel Pipe Company has appointed Mohammed AbdulAziz AbdulRahman Al Shayea as Chairman. The company also named Carlos A. Ferreyra as Vice Chairman and renewed the term of Mariano Armengol Lamazares as Managing Director and …

Management Decisions

22 May 2022 04:35 PM Saudi Steel Pipe inks SAR 97m supply contract with Aramco

Riyadh – Mubasher: Saudi Steel Pipe Company has signed a SAR 97 million supply contract with Saudi Arabian Oil Company (Aramco). Under the 10-month contract, Saudi Steel Pipe will supply oil and gas steel pipes to Saudi Aramco, according to a …

Companies Investments

28 April 2022 10:24 AM Saudi Steel Pipe records SAR 14.5m profits in Q1-22

Riyadh – Mubasher: Saudi Steel Pipe Company has achieved net profits after Zakar and tax of SAR 14.53 million in the first quarter (Q1) of 2022, against net losses of SAR 8.48 million in the year-ago period. The company's revenues hiked by 99.91% …

Financial Results