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.
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5-day change | 1st Jan Change | ||
74.2 SAR | -2.62% | -7.94% | +104.41% |
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 |
EPS Revisions
Quarterly revenue - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+104.41% | 1.03B | |
+0.68% | 25.39B | |
+18.04% | 20.79B | |
+34.37% | 11.94B | |
+13.18% | 11.17B | |
+8.90% | 10B | |
+1.34% | 8.46B | |
+19.77% | 8.16B | |
+19.52% | 6.74B | |
-9.15% | 6.24B |
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- Mariano Armengol Joins as Managing Director and Chief Executive Officer of Saudi Steel Pipe Company