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November 27, 2015 6:21 AM ET

Metals and Mining

Company Overview of Saudi Steel Pipe Company Ltd.

Company Overview

Saudi Steel Pipe Company manufactures and sells high frequency induction-welded steel pipes primarily in Saudi Arabia. The company’s products include black and galvanized electrical resistance welding pipes and tubes, and hot induction bends. Its products are used in oil and gas pipelines, water pipelines, oil and water well casings, chilled water systems, fire fighting systems, pump column pipes, piling, industrial frames, fencing, scaffolding, water irrigation, cars exhaust, decoration, furniture, ceiling, and other industrial and construction applications, as well as mechanical and construction contractors in oil, gas, petrochemical plants, and architectural structures. The company also e...

PO Box 11680

Dammam,  31463

Saudi Arabia

Founded in 1980


966 13 812 2222


966 13 812 1005

Key Executives for Saudi Steel Pipe Company Ltd.

Saudi Steel Pipe Company Ltd. does not have any Key Executives recorded.

Saudi Steel Pipe Company Ltd. Key Developments

Saudi Steel Pipe Company Ltd. Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended Dec. 31, 2014

Saudi Steel Pipe Company Ltd. announced unaudited consolidated earnings results for fourth quarter and full year ended Dec. 31, 2014. For the quarter, the company reported operational profit of SAR 7.02 million, net profit of SAR 5.3 million compared to the operational profit of SAR 10.85 million, net profit of SAR 11.82 million for the same quarter a year ago. For the year, the company reported operational profit of SAR 45.79 million, net profit of SAR 31.47 million or SAR 0.62 per share compared to the operational profit of SAR 83.24 million, net profit of SAR 79.44 million or SAR 1.5 per share for the previous year.

Saudi Steel Pipe Company Affiliate wins USD 77.85 Million Contract by Saudi Aramco

Saudi Steel Pipe Company announced that one of its affiliates had received a manufacture and supply contract totaling more than SAR 292 million (USD 77.85 million or EUR 59.3 million) from Saudi Aramco. The financial effect of the contract, under which SSP's affiliate Global Pipes Company will provide Saudi Aramco with 23-inch pipes for the transportation of gas and liquefied natural gas, is expected in the fourth quarter of 2014 and the first half of 2015.

Saudi Steel Pipe Company Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Saudi Steel Pipe Company Ltd. reported earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net profit of SAR 15.55 million, compared to SAR 25.11 million for the same quarter ended June 30, 2013. For the six months, the company reported net profit of SAR 19.58 million, or SAR 0.38 per share, compared to SAR 48.22 million, or SAR 0.94 per share, for the same period ended June 30, 2013.

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