Saudi Steel Pipes Company

1320

SA12B050KK11

Iron & Steel

Market Closed - Saudi Arabian S.E. Other stock markets 08:20:02 2024-05-23 am EDT			5-day change	1st Jan Change
72.5 ^SAR	+0.42%		-2.29%	+99.72%

May. 15	Saudi Steel Pipe Co Secures SAR139 Million Order from Aramco	MT
May. 06	Saudi Steel Pipes Company Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Saudi Steel Pipes Company Reports Earnings Results for the First Quarter Ended March 31, 2024

May 06, 2024 at 04:07 pm EDT

Saudi Steel Pipes Company reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was SAR 514.94 million compared to SAR 166.89 million a year ago. Net income was SAR 56.11 million compared to SAR 6.37 million a year ago.

Latest news about Saudi Steel Pipes Company

Saudi Steel Pipe Co Secures SAR139 Million Order from Aramco	May. 15	MT
Saudi Steel Pipes Company Reports Earnings Results for the First Quarter Ended March 31, 2024	May. 06	CI
Saudi Steel Pipe Logs Increase in Q1 Profit, Revenue	Apr. 28	MT
Saudi Arabia's Capital Markets Regulator Imposes SAR3.8 Million Fine on Local Investor	Mar. 14	MT
Saudi Steel Pipes Company Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 04	CI
Saudi Steel Pipes Company Receives Order Amounting to SAR 138.6 Million for Supply of Oil & Gas Steel Pipes to Saudi Aramco	Feb. 05	CI
Saudi Steel Pipes Company Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 09	CI
Saudi Steel Pipes Company Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-09	CI
Saudi Steel Pipes Company completed the acquisition of additional 22.27% stake in Global Pipe Company from EEW Holding GmbH & Co. KG for $6.3 million.	23-05-16	CI
Saudi Steel Pipes Company Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-06	CI
Saudi Steel Pipes Company Reports Earnings Results for the Full Year Ended December 31, 2022	23-02-25	CI
Saudi Steel Pipes Company agreed to acquire additional 35% stake in Global Pipe Company from EEW Holding GmbH & Co. KG for $9.9 million.	22-12-06	CI
Saudi Steel Pipes Company Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-11-10	CI
Saudi Steel Pipe Co. Announces Contract Sign Off with Saudi Aramco	22-09-21	CI
Saudi Steel Pipe Co. Announces Contract Sign Off with Tenaris Global Services	22-08-29	CI
Saudi Steel Pipes Company Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	22-08-10	CI
Saudi Steel Pipe Co. Announces Contracts Sign Off with Tenaris Global Services	22-07-31	CI
Saudi Steel Pipes Company Announces Executive Appointments	22-06-08	CI
Saudi Steel Pipes Company Announces Management Appointments	22-05-25	CI
Saudi Steel Pipes Company Reports Earnings Results for the First Quarter Ended March 31, 2022	22-05-10	CI
Saudi Steel Pipes Company Reports Earnings Results for the Full Year Ended December 31, 2021	22-02-24	CI
Saudi Steel Pipe Co. Announces Contracts Sign Off with Tenaris Global Services	21-11-27	CI
Saudi Steel Pipes Company Announces Contracts Sign Off with Saudi Aramco	21-11-14	CI
Saudi Steel Pipes Company Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021	21-11-10	CI
Saudi Steel Pipes Company(SASE:1320) added to S&P Global BMI Index	21-09-20	CI

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Company Profile

Saudi Steel Pipes Co SJSC is a Saudi Arabia-based company, which is engaged in the steel pipes manufacturing sector in the Middle East and North Africa region. The Company operates through two segments: Steel Pipe Segment includes manufacturing of welded steel pipes by high frequency induction welding and galvanizing, coating, threading and bending of the pipes used in oil and gas, water and construction sectors, as well as Process Equipment Segment, which includes design, manufacture, assemble and maintain heavy process equipment for the utilization of oil and gas, power generation, desalination, mining, solar energy and offshore plants. Its product range includes black and galvanized steel pipes, ERW/HFI galvanized and threaded steel pipes, seamless pipes, pipes with three-layer external coating by polyethylene and polypropylene in different diameters, pipes with epoxy coating inside, bended pipes in different diameters, space frame and submerged arc welded pipes.

Sector

Iron & Steel

Calendar

2024-07-31 - Q2 2024 Earnings Release (Projected)

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Ratings for Saudi Steel Pipes Company

Trading Rating

Investor Rating

ESG Refinitiv

C-

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Analysts' Consensus

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

72.2 SAR

Average target price

46.85 SAR

Spread / Average Target

-35.11%

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Sector Iron, Steel Mills & Foundries

	1st Jan change	Capi.
SAUDI STEEL PIPES COMPANY	+99.72%	973M
JSW STEEL LIMITED	+4.21%	26.74B
BAOSHAN IRON & STEEL CO., LTD.	+19.56%	21.25B
JINDAL STEEL & POWER LIMITED	+43.57%	12.97B
CHINA STEEL CORPORATION	-8.89%	11.62B
CITIC PACIFIC SPECIAL STEEL GROUP CO., LTD	+10.04%	10.77B
INNER MONGOLIA BAOTOU STEEL UNION CO., LTD.	+9.59%	10.03B
TERNIUM S.A.	+2.40%	8.54B
BHARAT FORGE LIMITED	+20.56%	8.26B
JINDAL STAINLESS LIMITED	+24.73%	6.99B

Iron, Steel Mills & Foundries