Arabian Pipes Company

2200

SA0007879378

Iron & Steel

Market Closed - Saudi Arabian S.E. Other stock markets 08:20:02 2024-06-27 EDT			5-day change	1st Jan Change
187.6 ^SAR	+3.42%		+7.20%	+47.02%

05-23	Saudi Regulator OKs Arabian Pipes Co’s Capital Increase Via Share Issue	MT
05-23	Arabian Pipes Company Announces Formation of Audit Committee	CI

Arabian Pipes Company Announces Contract Sign Off with Saudi Aramco

May 14, 2024 at 07:37 am

Arabian Pipes Company got awarded new order with total value of around SAR 107 million for supply steel pipes to Saudi Aramco. Contract Subject Matter: supply steel pipes. Date of Signing the Contract: May 14, 2024.

Contract Duration: 10 months.

Latest news about Arabian Pipes Company

Saudi Regulator OKs Arabian Pipes Co’s Capital Increase Via Share Issue	05-23	MT
Arabian Pipes Company Announces Formation of Audit Committee	05-23	CI
Arabian Pipes Company Reports Earnings Results for the First Quarter Ended March 31, 2024	05-19	CI
Arabian Pipes Company Elects Abdulaziz Ali Abdulaziz Almasood to the Board of Directors, Effective May 22, 2024	05-15	CI
Aramco Awards SAE107 Million Steel Supply Contract to Arabian Pipes Co	05-14	MT
Arabian Pipes Company Announces Contract Sign Off with Saudi Aramco	05-14	CI
Arabian Pipes Logs Increase in Q1 Net Profit, Revenue	05-12	MT
Arabian Pipes Company Reports Earnings Results for the Full Year Ended December 31, 2023	03-13	CI
Arabian Pipes Company Logs Higher FY23 Profit, Revenue	03-05	MT
Arabian Pipes Co. Announces Contract Sign Off with Saudi Aramco	02-04	CI
Arabian Pipes Company Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	11-06	CI
Arabian Pipes Company Reports Earnings Results for the Second Quarter Ended June 30, 2023	23-08-16	CI
Arabian Pipes Company Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-09	CI
Arabian Pipes Company Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-28	CI
Arabian Pipes Company Reports Earnings Results for the Third Quarter Ended September 30, 2022	22-11-09	CI
Arabian Pipes Company Announces Contract Sign Off with Saudi Aramco	22-10-24	CI
Arabian Pipes Co. Announces Contract Sign Off with McDermott Arabia Company	22-10-04	CI
Arabian Pipes Company Wins Order to Supply Steel Pipes to Saudi Aramco	22-09-25	CI
Arabian Pipes Company(SASE:2200) dropped from S&P Global BMI Index	22-09-19	CI
Arabian Pipes Company Announces Resignation of Faisal Mohammed Alharbi as Board Member, Effective from September 11, 2022	22-09-08	CI
Arabian Pipes Company Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	22-08-27	CI
Arabian Pipes Co. Announces Contract Sign Off with Saudi Aramco	22-07-03	CI
Arabian Pipes Company Reports Earnings Results for the First Quarter Ended March 31, 2022	22-06-01	CI
Arabian Pipes Co. Announces Contract Sign Off with Saudi Aramco	22-05-23	CI
Arabian Pipes Company Reports Earnings Results for the Full Year Ended December 31, 2021	22-04-10	CI

Chart Arabian Pipes Company

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Company Profile

Arabian Pipes Company SJSC is a Saudi Arabia-based company engaged in manufacturing and marketing of welded steel pipes for oil and gas, structural and commercial utilization. Its main activities include production of steel tubes longitudinally welded for pipelines and for the purposes of construction, trade, marketing, bending and forming a toothing pipe and pipe coating inside and outside and doing the business of buying and selling pipes and fittings and accessories and the implementation of the extension of pipelines. The Company operates in two segments including steel pipe production segment, and steel pipe packaging segment. It has two factories in Riyadh with capacity of approximately160,000 tons per year and Jubail Industrial City with capacity of approximately of 300 tons per year. Its product portfolio includes Longitudinal Submerged-Arc Welded (LSAW) pipes, High frequency welding (HFW)/Electric resistance welded (ERW) pipes, among others.

Sector

Iron & Steel

Calendar

2024-10-28 - Q3 2024 Earnings Release (Projected)

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Income Statement Evolution

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

187.6 SAR

Average target price

208.3 SAR

Spread / Average Target

+11.03%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Steel

	1st Jan change	Capi.
ARABIAN PIPES COMPANY	+47.02%	500M
NUCOR CORPORATION	-9.17%	37.09B
TATA STEEL LIMITED	+24.73%	26.05B
NIPPON STEEL CORPORATION	+5.29%	19.75B
POSCO HOLDINGS INC.	-27.33%	19.68B
STEEL DYNAMICS, INC.	+9.65%	19.65B
ARCELORMITTAL	-16.77%	18.63B
JFE HOLDINGS, INC.	+5.85%	9.15B
UNITED STATES STEEL CORPORATION	-22.30%	8.27B
SEVERSTAL	-.--%	8B

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