Saudi Steel Pipe Co (SSP) News - Mubasher Info
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Saudi Steel Pipe Co (1320)

Last update: 03:19 PM market time.
68.60
32.70
91.09%
Open 73.60
Previous Close 35.90
High 73.60
Low 67.00
Stock Statistics
Volume 1,720,075
Turnover 119,162,391.50
All data are 15 minutes late during market session

News

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25 February 12:44 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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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, …
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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, …
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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, …
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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 …
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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 …
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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% …
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3 March 2022 03:18 PM Saudi Steel Pipe signs SAR 88.5m supply contract with Uruguay’sTGS
Riyadh – Mubasher: Saudi Steel Pipe Company has been awarded a contract worth SAR 88.5 million to supply oil and gas steel pipes to Uruguay-based Tenaris Global Services (TGS). The contract duration is three months starting from the signing date …
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17 February 2022 10:18 AM Saudi Steel Pipe turns to profitability in 2021
Riyadh – Mubasher: Saudi Steel Pipe Company has achieved net profits of SAR 900,000 in 2021, compared to net losses of SAR 34.5 million in the earlier year. The company generated SAR 373.5 million revenues in 2021, down 21.35% from SAR 474.9 …
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14 February 2022 04:59 PM Saudi Steel Pipe wins SAR 81m supply contract for Saudi Aramco
Riyadh – Mubasher: Saudi Steel Pipe Company has been awarded a SAR 80.6 million contract to supply oil and gas steel pipes to Saudi Arabian Oil Company (Aramco). The deal will be effective for 18 months from the contract’s signing date on 14 …
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28 November 2021 10:32 AM Saudi Steel Pipe wins SAR 52.4m supply contract for Tenaris Global Services
Riyadh – Mubasher: Saudi Steel Pipe Company has been awarded a SAR 52.4 million contract to supply steel pipes to Tenaris Global Services in Uruguay. The financial impact of the three-month contract will be registered in the first quarter (Q1) of …
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15 November 2021 05:24 PM Saudi Steel Pipe awarded SAR 190m supply contract for Aramco
Riyadh – Mubasher: Saudi Steel Pipe Company will provide Saudi Arabian Oil Company (Aramco) with oil and gas steel pipes under a contract worth SAR 189.9 million. The contract duration is approximately 18 months starting from mid-November 2021, …
The sold assets include buildings, machinery, and equipment
4 October 2021 00:20 PM Saudi Steel Pipe expects SAR 19m results in Q3-21 from selling unit's assets
Riyadh - Mubasher: Saudi Steel Pipe Company has expected to record a positive result of SAR 18.9 million in the third quarter (Q3) of 2021 from selling the main operating assets of its wholly-owned subsidiary Titanium Steel & Manufacturing Co. …
The transaction was completed on 30 September
3 October 2021 10:53 AM Saudi Steel Pipe's unit closes transaction to sell operating assets
Riyadh – Mubasher: Titanium Steel & Manufacturing Co, a wholly-owned subsidiary of Saudi Steel Pipe Company, has closed the transaction to sell its main operating assets to Koch Chemical Technology Group Saudi Arabia Limited. After obtaining all …
Titanium Steel will sell the assets for about SAR 36.3 million
15 April 2021 10:17 AM Saudi Steel Pipe’s subsidiary to sell assets for $9.7m
Riyadh – Mubasher: Saudi Steel Pipe Company’s fully-owned subsidiary, Titanium Steel and Manufacturing Co. entered into a definitive asset purchase agreement with Koch Chemical Technology Group Saudi Arabia to sell its main operating assets. …
The company's revenues decreased by 24.3% yearly in 2020 to SAR 508.5 million.
25 February 2021 10:25 AM Saudi Steel Pipe’s losses surge 28.7% in 2020
Riyadh - Mubasher: The net losses of Saudi Steel Pipe Company (SSP) widened by 28.7% on a yearly basis in 2020 to stand at SAR 34.5 million from SAR 26.8 million in 2019. The Tadawul-listed firm ascribed the hike in its annual losses mainly to the …
The affected land plots are situated in Dammam and were purchased from a private entity in 2010.
14 February 2021 11:17 AM Saudi Steel Pipe denies receiving notice on cancellation of land title deeds
Riyadh - Mubasher: Saudi Steel Pipe Company (SSP) said it has not received any notices on the purported cancellation of its electronic title deeds to certain land plots. Spanning 811,284 square meters, the affected land plots are situated in …
The company's third-quarter revenue stood at SAR 156.55 million.
5 November 2020 10:22 AM Saudi Steel Pipe turns profitable in Q3
Riyadh - Mubasher: Saudi Steel Pipe Company (SSP) returned to profitability in the quarter ended on 30 September 2020, achieving SAR 9.58 million in net profits, compared to net losses of SAR 14.12 million in the year-ago period. The move to …
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6 August 2020 09:55 AM Saudi Steel Pipe widens losses in Q2
Riyadh - Mubasher: Saudi Steel Pipe Company (SSP) reported a 165.68% increase in net losses during the second quarter (Q2) of 2020 to SAR 27.02 million, from SAR 10.17 million in Q2-19, as shown by its interim financial results. The rise in losses …
The company's losses shrank by 84% annually in 2019
29 June 2020 11:51 AM Saudi Steel Pipe cancels 2019 dividends
Riyadh – Mubasher: Saudi Steel Pipe Company’s general assembly recently approved not to distribute any dividends to shareholders for fiscal year (FY) ending on 31 December 2019. It further discharged the Board of Directors from liability for 2019 …