East Pipes Integrated Company for Industry (1321)

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News

29 December 06:08 PM We keep ‘Neutral’ stance on Saudi equity market – EFG Hermes

Riyadh – Mubasher: A recent report by EFG Hermes, an EFG Holding Company, indicated that the outlook for Saudi Arabia remains challenging, yet the market is believed to have decently corrected and is too cheap to be deemed ‘underweight’. EFG …

Real estate

8 December 12:26 PM East Pipes Integrated pens SAR 485m supply agreement with Saudi Water Authority

Riyadh – Mubasher: East Pipes Integrated Company for Industry and the Saudi Water Authority inked a SAR 485 million agreement on 7 December 2025, according to a bourse statement. Under the deal, the company will manufacture and supply steel pipes …

Companies Investments

15 June 03:37 PM East Pipes Integrated’s CEO Al Shaheen resigns

Riyadh – Mubasher: Mohammed bin Abdulaziz Al Shaheen resigned from his position as the CEO of East Pipes Integrated Company for Industry due to personal reasons. The board members accepted Al Shaheen’s resignation on 12 June, yet it will become …

Management Decisions

2 June 2024 10:49 AM Aramco inks SAR 3bn contracts for steel pipes supply

Riyadh – Mubasher: Saudi Arabian Oil Company (Saudi Aramco) has signed contracts with Tadawul-listed companies for manufacturing and supply of steel pipes with a combined value of SAR 2.95 billion. Aramco signed the first contract with Group Five …

Companies Investments

30 May 2024 03:12 PM East Pipes Integrated unveils SAR 142m contract

Riyadh – Mubasher: East Pipes Integrated Company for Industry and Alrawaf Contracting Company inked a contract with a value exceeding SAR 142 million. The two entities signed the agreement , on 29 May, to supply steel pipes for 19 months, …

Companies Investments

18 January 2024 04:08 PM East Pipes Integrated pens over SAR 1bn deal with SWCC

Riyadh – Mubasher: East Pipes Integrated Company for Industry penned a deal with Saline Water Conversion Corporation (SWCC) at an amount exceeding SAR 1 billion inclusive of value-added tax. The listed firm will manufacture and supply steel pipes …

Companies Investments

7 December 2023 02:05 PM East Pipes Integrated enters new deal with oil giant Aramco

Riyadh – Mubasher: East Pipes Integrated Company for Industry has signed a contract valued at more than SAR 170 million with Saudi Arabian Oil Company (Aramco) on 6 December 2023. Upon the terms of the deal, East Pipes Integrated will provide …

Companies Investments

3 December 2023 03:06 PM East Pipes Integrated, Aramco sign SAR 153m agreement

Riyadh – Mubasher: East Pipes Integrated Company for Industry and Saudi Arabian Oil Company (Aramco) inked a contract at a value exceeding SAR 153 million. East Pipes Integrated will manufacture and supply steel pipes to Aramco for eight months,  …

Companies Investments

5 November 2023 03:15 PM East Pipes Integrated’s net profits plummet 85.5% in H1-23/24

Riyadh – Mubasher: East Pipes Integrated Company for Industry posted net profits after Zakat and tax of SAR 2.23 million in the first half (H1) of the fiscal year (FY) 2023/2024. Meanwhile, the net profits in the six months (6M) that ended on 30 …

Financial Results

10 July 2023 04:18 PM East Pipes Integrated obtains over SAR 1bn financing from Banque Saudi Fransi

Riyadh – Mubasher: East Pipes Integrated Company for Industry has signed a Sharia-compliant working capital facilities agreement with Banque Saudi Fransi on 9 July 2023. The financing is valued at SAR 1.10 billion and holds a duration period of …

Companies Investments

4 June 2023 10:23 AM East Pipes Integrated pens SAR 93m deal with Aramco

Riyadh – Mubasher: East Pipes Integrated Company for Industry inked a nearly SAR 93 million contract with Saudi Arabian Oil Company (Aramco) on 31 May. The eight-month deal covers the manufacturing and supplying of steel pipes to Aramco, according …

Companies Investments

23 January 2023 01:10 PM East Pipes Integrated inks SAR 569m contracts with NEOM, PETROJET

Riyadh – Mubasher: East Pipes Integrated Company for Industry penned several contracts with NEOM and PETROJET Company at an aggregated value of SAR 569 million on 22 January 2023, according to bourse disclosures. NEOM Under a one-year agreement, …

Companies Investments

20 October 2022 06:01 PM East Pipes Integrated’s shareholders approve 50% capital hike

Riyadh – Mubasher: The shareholders of East Pipes Integrated Company for Industry greenlighted a 50% capital raise to SAR 315 million from SAR 210 million, according to a bourse filing. The capital hike will be carried out by capitalising SAR 105 …

Management Decisions

8 September 2022 06:32 PM CMA nods to eXtra, East Pipes Integrated’s capital raise

Riyadh – Mubasher: The Capital Market Authority (CMA) approved the requests of United Electronics Company (eXtra) and East Pipes Integrated Company for Industry to increase their capital through bonus shares. eXtra will raise its capital by …

Management Decisions

3 August 2022 09:17 AM East Pipes Integrated secures SAR 275m loan from NBK

Riyadh – Mubasher: East Pipes Integrated Company for Industry has sealed a Sharia-compliant facility agreement worth SAR 275 million with the National Bank of Kuwait (NBK). The Saudi company obtained the loan to finance the working capital of one …

Banking and Finance

13 July 2022 04:22 PM East Pipes Integrated signs SAR 324m supply contract with SWCC

Riyadh – Mubasher: East Pipes Integrated Company for Industry has signed a SAR 324 million contract with Saline Water Conversion Corporation (SWCC) to manufacture and supply steel pipes for water uses. The 210-day contract's financial impact is …

Companies Investments

9 June 2022 05:03 PM East Pipes Integrated signs SAR 500m facility deal with ANB

Riyadh – Mubasher: East Pipes Integrated Company for Industry has inked a Sharia-compliant facility agreement worth SAR 500 million with Arab National Bank (ANB). The Saudi listed company obtained the loan on 7 June this year to finance its …

Banking and Finance

30 May 2022 10:01 AM East Pipes Integrated seals SAR 490m deal with SWCC

Riyadh – Mubasher: East Pipes Integrated Company for Industry has inked a contract with Saline Water Conversion Corporation (SWCC) at the amount of SAR 490 million. Upon the 365-day contract, the Saudi listed company will manufacture and supply …

Companies Investments

25 May 2022 04:50 PM East Pipes' Chairman, Vice Chairman resign

Riyadh – Mubasher: East Pipes Integrated Company for Industry has announced the resignation of Omar Mohammed Nabil Almidani and Balkrishan Gopiram Goenka from their positions as the Chairman of the board and the Vice Chairman, respectively. The …

Corporate Actions

29 March 2022 04:09 PM East Pipes Integrated, SWCC ink SAR 497m contract

Riyadh – Mubasher: East Pipes Integrated Company for Industry has signed a contract with Saline Water Conversion Corporation (SWCC) at an estimated value of SAR 497 million. Under the 365-day contract, the Saudi listed company will supply steel …

Companies Investments