Tenaris S.A. announced that it closed its previously-announced acquisition from a private group of 47.79% of the shares of Saudi Steel Pipe company (SSP). Upon the closing of the transaction, four Tenaris's nominees were appointed as new members of SSP's board of directors. In addition, SSP's board of directors appointed Mariano Armengol, a senior executive with Tenaris, as managing director and chief executive officer of SSP.