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Pipe manufacturing.
Overview
It was established in 2010 as a limited liability company in Dammam under the name “Pipe Development Company for Pipe Production”, with capital of SAR 500,000. In 2020, it was converted into a joint-stock company. The company’s core activities include the manufacture of pipes, tubes, and iron and steel hollow shapes, as well as pipes and tubes connections, in addition to processing and painting metals by refinement and polishing. It also manufactures helical submerged arc-welding pipes (HSAW), DJ pipes, in addition to coating pipes. HSAW are wide diameter pipes that are suitable to be used in transmission lines in water, oil and gas sectors.
Basic Information
City: | Dammam |
Country | Saudi Arabia |
Ownership Type: | Joint Stock |
Establishment Date: | 2010 |
Commercial Register: | 2050071522 |
Website: | www.eastpipes.com |
info@eastpipes.com | |
Phone | +966 138616801 |
Fax | +966 138616708 |
Address | The Second Industrial City - Dammam 31483 |
PO Box | 12934 |
Argaam Classification
Industry Peers
Arabian Pipes Co. |
Saudi Steel Pipe Co. |
Financials Highlights (M )
Company Size
Trading Data
Stock Market : | TASI |
Fiscal Year End : | March |
Free Float (M) : | 21.58 |
Free Float % : | 68.49 |
Weight in Index % : | 0.12 |
3M Average Volume : | 352,503 |
3M Average Transactions : | 2,227 |
Change(12M) % : | 154.72 |
Major Shareholders
Name | Number of Shares (M) | Holding |
---|---|---|
Willspun Mauritius Holding Company | 9.92 | 31.50 % |
Vision International Investment Company closed joint stock | 3.64 | 11.55 % |
Saleh Mohamed Hamad Al Hammadi | 3.14 | 9.98 % |
Milestones
14-02-2022
28-12-2020
The company’s name was changed to “East Pipes Integrated Company for Industry”, and its capital was increased to SAR 210 million from SAR 76 million
22-09-2020
It was converted from a limited liability company into a joint stock company
21-07-2020
Welspun Coating was merged into the company
2014
The company established the double joining (DJ) plant with a nominal production capacity of about 350,000 metric tons
2011
The company established the HSAW Plant with a nominal production capacity of 300,000 metric tons per annum
2011
The company established the coating plant, with a nominal production capacity of 4 million square meters per annum
30-05-2010
The company’s capital was increased to SAR 76 million from SAR 500,000
30-05-2010
It was established as a limited liability company under the name “Pipe Development for Pipe Manufacturing Company” in Dammam, with capital of SAR 500,000
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