Saudi Steel Pipe Co (SSP) News - Mubasher Info
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23 May 06:56 PM

Saudi Steel Pipe Co (1320)

Last update: 21 May 03:19 PM market time.
54.50
0.50
0.93%
Open 54.10
Previous Close 54.00
High 54.50
Low 53.50
Stock Statistics
Volume 361,987
Turnover 19,508,121.35
All data are 15 minutes late during market session

News

Photo Archive
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, …
Companies Investments
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. …
Companies Investments
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 …
Companies Investments
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. …
Companies Investments
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 …
Financial Results
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 …
Companies Investments
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 …
Financial Results
Photo Archive
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 …
Financial Results
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 …
Board of Directors
Photo Archive
20 February 2020 11:09 AM Saudi Steel Pipe narrows losses in 2019
Riyadh – Mubasher: The estimated annual consolidated financial results of Saudi Steel Pipe Company (SSP) showed a decline in net losses by 84% last year to SAR 26.83 million, down from SAR 168.66 million for 2018. This resulted from the company …
Financial Results
The deal was finalized on 31 December
31 December 2019 04:59 PM Saudi Steel Pipe agrees oil deal
Riyadh – Mubasher: Saudi Steel Pipe Company has been awarded a contract for the supply of oil and gas pipes for an amount exceeding 5% of its revenues. The deal was finalized on 31 December 2019, according to a statement to the Saudi Stock …
Company News
Revenues of the Saudi firm increased by 24.7% to SAR 157.8 million in Q3-19
31 October 2019 11:08 AM Saudi Steel Pipes trims losses by 42% in Q3
Riyadh – Mubasher: Saudi Steel Pipes Company trimmed its losses by 41.5% year-on-year to SAR 14.12 million during the third quarter of 2019. Revenues of the Saudi firm increased by 24.7% to SAR 157.8 million in Q3-19, compared to SAR 126.48 …
Company News
Saudi Steel Pipe turned profitable at SAR 320,000 in Q1-19
1 August 2019 00:14 PM Saudi Steel Pipe posts 72% lower losses in Q2-19
Riyadh – Mubasher: The Saudi Steel Pipe Co announced a 72.39% year-on-year decrease in losses during the second quarter of 2019. Net losses of the period shrank to SAR 10.17 million from SAR 36.83 million in Q2-18, according to a disclosure on the …
Financial Results
The deal's impact will appear in Q2
18 July 2019 05:10 PM Saudi Steel Pipe wins over SAR 31.3m contract
Riyadh – Mubasher: The Saudi Steel Pipe Company (SSP) was awarded a contract to supply oil and gas steel pipes in consideration of an amount that exceeds 5% of SSP’s revenue in 2018, according to a bourse statement released on Thursday.  Last …
Companies Investments
SSP posted losses worth SAR 166.66 million in FY18
27 May 2019 10:58 AM Saudi Steel Pipe offsets FY18 accumulated losses
Riyadh – Mubasher: Saudi Steel Pipe Company (SSP) announced the implementation and compliance with the rules and regulations related to listed companies whose accumulated losses reached 20% or more of the company’s share capital. The Kingdom-based …
Corporate Actions
The OGM has also elected new board members for the upcoming three years
8 May 2019 11:29 AM Saudi Steel Pipe’s OGM approves no dividends for FY18
Riyadh – Mubasher: Saudi Steel Pipe’s (SSP) shareholders recommended not to distribute cash dividends for the full-year 2018 during an ordinary general meeting (OGM) held on Tuesday, 7 May. The company’s shareholders have approved transferring SAR …
Corporate Actions
SSP’s net profits amounted to SAR 320,000 in Q1
5 May 2019 03:49 PM Saudi Steel Pipe turns profitable in Q1
Riyadh – Mubasher: Saudi Steel Pipe Company (SSP) reported turning a profit in the first quarter of 2019, as compared to the year-ago period. SSP’s net profits amounted to SAR 320,000 in Q1-19, versus losses of SAR 5.04 million in the …
Financial Results
Saudi Steel Pipe Company (SSP) on Tuesday announced that it has won a SAR 82 million ($21.87 million) contract for supplying oil and gas steel pipes to Saudi Arabian Oil Co (Aramco).
29 January 2019 11:32 AM Saudi Steel Pipe wins SAR 82m deal from Saudi Aramco
Riyadh – Mubasher: Saudi Steel Pipe Company (SSP) on Tuesday announced that it has won a SAR 82 million ($21.87 million) contract for supplying oil and gas steel pipes to Saudi Arabian Oil Co (Aramco). The production and financial impact of the …
Companies Investments
Steel pipes
23 January 2019 06:47 PM Tenaris to own 48% stake in SSP after finalising transaction
Mubasher: Saudi Steel Pipe on Wednesday said that Tenaris Saudi Arabia Co, which recently acquired a 47.79% stake in the steel pipe producer, had no shares in the company prior to the transaction. “As a shareholder of 47.79% of the share capital …
Companies Investments
Tenaris Saudi Arabia acquires 48% stake in Saudi Steel Pipe
21 January 2019 06:06 PM Tenaris Saudi Arabia acquires 48% stake in Saudi Steel Pipe
Riyadh – Mubasher: Saudi Steel Pipe Company (SSP) on Monday has said that Tenaris Saudi Arabia acquired 47.79% of its capital through a private transaction. Tenaris bought this stake from Rabiah & Nassar Group, and a group of shareholders, …
Mergers and Acquisitions
The company attributed the fourth-quarter losses to a rise in net losses in the unit (TSM Arabia)
21 January 2019 10:28 AM Saudi Steel Pipe swings to loss in Q4
Riyadh – Mubasher: Saudi Steel Pipe Company (SSP) on Monday reported turning to loss during the fourth quarter of 2018. SSP’s losses after calculating Zakat and Tax amounted to SAR 100.64 million in Q4-18, against a profit of SAR 15.65 …
Financial Results
SSP attributed the third-quarter growth in losses to a drop in project deliveries
1 November 2018 04:51 PM Saudi Steel Pipe incurs SAR 24m loss in Q3
Riyadh – Mubasher: Saudi Steel Pipe Company (SSP) on Thursday reported a 67% year-on-year growth in its net losses after calculating Zakat and Tax during the third quarter of 20118, registering SAR 24.15 million ($6.44 million) compared to SAR …
Financial Results
Saudi Steel Pipe wins SAR 60m deal from Aramco
18 October 2018 06:17 PM Saudi Steel Pipe wins SAR 60m deal from Aramco
Riyadh – Mubasher: Saudi Steel Pipe Company (SSP) on Thursday announced winning an SAR 60 million ($15.99 million) contract from Saudi Arabian Oil Co “Aramco”. Under the deal signed on Thursday, SSP will supply 30 inches OCTG pipes to Aramco, it …
Companies Investments
Tenaris will buy around 24.37 million shares, representing 47.79% of SSP’s share capital
26 September 2018 11:36 AM Tenares buys 47.97% of SSP for SAR 541m
Riyadh – Mubasher: Saudi Steel Pipe Company (SSP) on Wednesday revealed that that Rabiah & Nassar Group and a group of minority shareholders have entered into a share sale and purchase agreement with Tenaris Saudi Arabia Co. Ltd. (Tenaris), a …
Companies Investments
The MoU was extended for one month which will end on 30 September
29 August 2018 10:20 AM Saudi Steel Pipe, strategic investor extend acquisition MoU
Riyadh – Mubasher: Saudi Steel Pipe Company (SSP) has announced extending a non-binding memorandum of understanding (MoU) with a strategic investor regarding potential acquisition on a stake in the firm. The MoU was extended for one month which …
Mergers and Acquisitions