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Arabian Pipes Co (2200)

Last update: 03:19 PM market time.
14.60
0.64
4.58%
Open 14.22
Previous Close 13.96
High 14.88
Low 14.22
Stock Statistics
Volume 3,850,481
Turnover 55,835,441.90
All data are 15 minutes late during market session

News

The LSAW pipes will be supplied from APC's factory in Jubail industrial city
2 February 10:27 AM Arabian Pipes awarded SAR 160m Aramco deal
Riyadh – Mubasher: Arabian Pipes Company (APC) announced contracts sign off with the Saudi Arabian Oil Company (Saudi Aramco) to supply steel pipes. Contracts are worth a total value of around SAR 160 million with a duration of 11 months, …
Arabian Pipes will supply OCTG Steel pipes for Saudi Aramco from its Riyadh factory
17 December 2019 10:23 AM Aramco awards SAR 174m contract to Arabian Pipes
Riyadh – Mubasher: Arabian Pipes Company (APC) announced that it has been awarded a SAR 174 million order for the supply of steel pipes to the Saudi Arabian Oil Company (Saudi Aramco). Arabian Pipes will supply OCTG Steel pipes for Saudi Aramco …
Net profits totalled SAR 25.4 million in 9M
5 November 2019 10:09 AM Arabian Pipes logs SAR 9.2m profit in Q3
Riyadh – Mubasher: Arabian Pipes Company has achieved a net profit of SAR 9.2 million over the third quarter of 2019, against a net loss of SAR 16.8 million in the corresponding quarter in 2018. The profits of the period are not only attributed …
The company achieved SAR 8.1 million in profits during Q2-19
6 August 2019 00:20 PM Arabian Pipes turns profitable in H1
Riyadh – Mubasher: Arabian Pipes Company reported its interim financial results for the second quarter of 2019. The company achieved SAR 8.1 million in profits during Q2-19, against losses of SAR 7.9 million in Q2-18, according to a bourse filing …
Arabian Pipes succumbed to losses during the full-year 2018, recording SAR 122.6 million
7 July 2019 10:27 AM Arabian Pipes’ FY18 accumulated losses down to 5.25% of capital
Riyadh – Mubasher: Accumulated losses of Arabian Pipes Company declined to SAR 20.9 million, representing 5.25% of the company’s total capital. The general assembly of the company has approved the board’s proposal to use SAR 39.4 million of …
Pipes will be supplied from the company’s factory in Riyadh
30 June 2019 00:13 PM Arabian Pipes inks SAR 43m deal with Saudi Aramco
Riyadh – Mubasher: Arabian Pipes Co announced that it has been awarded a contract to supply oil country tubular goods (OCTG) steel pipes for state-run Saudi Aramco with a value of as high as SAR 43 million. Under the ten-month deal, pipes will …
Arabian Pipes will use a total of SAR 70.8 million of reserve to offset losses of FY18
23 June 2019 01:20 PM Arabian Pipes to use SAR 71m of reserves to offset losses
Riyadh – Mubasher: Shareholders of Arabian Pipes Company have approved the board’s recommendation to use an amount of SAR 70.8 million of reserves to offset its accumulated losses for the full-year 2018 during the meeting held on 20 June. The …
Net profits amounted to SAR 8.1 million in Q1-19
5 May 2019 04:00 PM Arabian Pipes generates SAR 8m profit in Q1
Riyadh – Mubasher: Arabian Pipes has turned profitable during the first quarter of 2019. The kingdom-based firm’s net profits amounted to SAR 8.1 million in Q1-19, against a loss of SAR 8.8 million in Q1-18, according to the company’s statement to …
The Saudi pipe firm’s losses jumped to SAR 89 million in Q4-18
31 March 2019 10:49 AM Arabian Pipes turns to loss in 2018
Riyadh - Mubasher: Arabian Pipes Company has succumbed to losses during the full-year 2018. The Saudi firm’s net losses amounted to SAR 122.6 million ($32.66 million) last year, against a net profit of SAR 5.2 million ($1.39 million) in 2017, …
Arabian Pipes expected that the transaction’s financial impact will begin to appear in the third quarter of 2019
24 February 2019 05:36 PM Arabian Pipes wins SAR 41m deal from Aramco
Riyadh – Mubasher: Arabian Pipes Company on Sunday has signed a six-month contract with the state-owned Saudi Aramco at a value that exceeds SAR 41 million. Under the agreement, Arabian Pipes will provide Aramco with longitudinal-submerged …
Arabian Pipes last reported turning to losses during Q3-18, incurring SAR 16.8 million
5 February 2019 10:48 AM Arabian Pipes wins SAR 229m steel pipe deal from Aramco
Riyadh – Mubasher: Arabian Pipes Company on Tuesday announced that it has been awarded a SAR 229 million ($61.07 million) contract from the state-owned the Saudi Arabian Oil Co, known globally as Saudi Aramco, to provide it with steel pipes. The …
Arabian Pipes incurs SAR 17m losses in 3M
8 November 2018 10:53 AM Arabian Pipes incurs SAR 17m losses in 3M
Riyadh – Mubasher: Arabian Pipes Company on Thursday reported turning to losses during the third quarter of 2018, against achieving profits in the year-ago period. The firm’s net losses after calculating Zakat and Tax hit SAR 16.8 million ($4.48 …
Arabian Pipes will start its supplies to Aramco in Q2-19
11 October 2018 04:37 PM Arabian Pipes wins SAR 35m contract from Aramco
Riyadh – Mubasher: Saudi Arabia-based Arabian Pipes Company has announced signing a SAR 35 million contract with state-run Saudi Aramco to supply it with steel pipes for its plant in Jubail Industrial City. Arabian Pipes will start its supplies to …
Arabian Pipes attributed the second-quarter loss to a growth of raw material prices
8 August 2018 09:31 AM Arabian Pipes incurs SAR 8m loss in Q2
Riyadh – Mubasher: Saudi Arabia-based Arabian Pipes Company on Wednesday reported turning to loss in the second quarter of 2018. The firm’s net loss amounted to SAR 7.96 million during Q2-18, compared to a net profit of SAR 3.12 million in Q2-17, …
Saudi Steel Pipe, Arabian Pipes to provide Aramco with steel pipes
22 July 2018 05:07 PM Saudi Steel Pipe, Arabian Pipes to provide Aramco with steel pipes
Riyadh – Mubasher: Saudi Steel Pipe Company (SSP) and Arabian Pipes Company have announced that they will supply Aramco with steel pipes for oil and gas wells at a value that pass SAR 133 million. The production will start during the fourth …
Net losses amounted to SAR 2.5 million in Q1-18
10 May 2018 06:15 PM Arabian Pipes' losses surge 252% in Q1
Riyadh – Mubasher: Arabian Pipes Company on Thursday announced that its losses hiked 252% year-on-year for the first quarter of 2018. Net losses amounted to SAR 8.8 million in Q1-18, compared to SAR 2.5 million in the year-ago period, according to …
The supplying will start from the fourth quarter of 2018
29 April 2018 10:36 AM Arabian Pipes wins SAR 261m contract from Aramco
Riyadh – Mubasher: Saudi-based Arabian Pipes Company has won a SAR 261 million ($69.6 million) contract from Saudi Aramco for supplying longitudinal submerged arc welded pipes “LSAW steel pipes”. The supplying will start from the fourth quarter of …
Arabian Pipes’ operating profits levelled up 16.3% to SAR 25.9m in 2017
25 March 2018 10:53 AM Arabian Pipes’ profit goes up 23% to SAR 5.3m in 2017
Riyadh – Mubasher: Arabian Pipes Company on Sunday reported a 23% surge in its profits during the full-year 2017, compared to the year before. The Saudi Arabia-based firm’s net profits amounted to SAR 5.3 million last year, up from SAR 4.3 million …
Arabian Pipes wins a SAR 173m deal from Aramco
30 November 2017 06:02 PM Arabian Pipes wins a SAR 173m deal from Aramco
Riyadh – Mubasher: Arabian Pipes Company announced that it has won a contract from the Saudi oil giant Aramco at a value of SAR 173 million ($46.13 million) to supply OCTG casing and tubing pipes. The supplying will start in the second quarter of …
Net profits grew to SAR 6.64 million in Q3-17, from SAR 4.44 million in Q3-16, according to a bourse filing
30 October 2017 05:14 PM Arabian Pipes sees SAR 6.64m profits in Q3 on higher sales
Riyadh – Mubasher: Arabian Pipes Company on Monday said that its net profits surged 49.6% year-on-year in the third quarter of 2017. Net profits reached SAR 6.64 million in Q3-17, compared to SAR 4.44 million in Q3-16, according to a bourse …
The company's profits reached SAR 3.12 million in the second quarter of 2017
8 August 2017 07:50 PM Arabian Pipes profits fall 73% in Q2
Riyadh - Mubasher: Arabian Pipes Company reported a 72.97% decline in profits for the second quarter of the year, according to a bourse filing. The company said in a statement to the Saudi Stock Exchange on Tuesday that profits reached SAR 3.12 …
Arabian Pipes appoints Al-Lohaidan as new CEO
23 July 2017 00:04 PM Arabian Pipes appoints new CEO
Riyadh – Mubasher: Arabian Pipes Co board of directors on Sunday approved appointing Ahmed Ali Al Lohaidan as the new CEO, effective 24 July 2017. The pipes company’s profits decreased 77.17% in the first quarter of 2017, compared to the year-ago …
Al Rajhi Bank will distribute SAR 1.5 per share
22 July 2017 03:14 PM Tadawul awaits important events this week
Riyadh - Mubasher: Investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of important events this week, betweem 23 and 27 July, led by the dividends distribution by Al Rajhi Bank. Al Rajhi Bank will begin on Thursday, …
(Photo Credit: Company website)
10 May 2017 11:28 AM Arabian Pipes losses shrink 77% in Q1
Riyadh – Mubahser: Arabian Pipes Company’s net losses have narrowed 77.17% in the first quarter of 2017, compared to the same quarter in 2016, according to a bourse filing on Wednesday. Net losses amounted to SAR 2.5 million in Q1-17, compared to …
(Photo archive)
27 April 2017 03:47 PM Aramco awards contracts worth SAR 78m to Arabian Pipes
Riyadh - Mubasher: Arabian Pipes Company won several contracts to supply Saudi Aramco with electric resistance welding (ERW) pipes at a value of SAR 78 million. The supply of the pipes will start in the fourth quarter of 2017 and Q1-18 from Riyadh …