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The company manufactures welded steel pipes.
Overview
Saudi Steel Pipe Co. (SPP) was formed in Dammam as a limited liability company, with a capital of SAR 24.1 million in 1980.
The company’s main activity includes manufacturing of electrically resistance welded steel pipes (ERW) for the energy, industrial and construction segments in the Middle East and North Africa. SSP also offers oil and gas customers a full range of products including oil country tubular goods (OCTG), line pipe (LP), API premium connections (PC), and related accessories and services. It also offers a wide range of black and galvanized pipes to its customers in the industrial and construction segment
Basic Information
City: | Dammam |
Country | Saudi Arabia |
Ownership Type: | Joint Stock |
Establishment Date: | 1980 |
Commercial Register: | 2050009144 |
Website: | www.sspipe.com |
ssp-investors@tenaris.com | |
Phone | +966 13 812 2222 |
Fax | +966 13 812 1005 |
Address | Second industrial city - Dammam 31463 |
PO Box | 11680 |
Financials Highlights (M )
Company Size
Trading Data
Stock Market : | TASI |
Fiscal Year End : | December |
Free Float (M) : | 26.63 |
Free Float % : | 52.22 |
Weight in Index % : | 0.09 |
3M Average Volume : | 2,230,468 |
3M Average Transactions : | 6,682 |
Change(12M) % : | 238.93 |
Major Shareholders
Name | Number of Shares (M) | Holding |
---|---|---|
Tenaris S.A. Ltd. Co. | 24.37 | 47.79 % |
Hio Steel Company Limited | 8.35 | 16.37 % |
Subsidiaries & Associates
Company | Country | Percentage |
---|---|---|
TSM Arabia | Saudi Arabia | 100.00 % |
GPC | Saudi Arabia | 57.27 % |
CDC | Saudi Arabia | 20.00 % |
Milestones
22-02-2016
The company signed a purchasing agreement to acquire a 30% extra stake in Titanium and Steel Manufacturing Co. Ltd. (TSM Arabia) to fully acquire it
2014
Started commercial production from two factories (Titanium & Steel Manufacturing Company (TSM Arabia) factory and Global Pipes Co.)
2010
Inception of 70%-owned subsidiary Titanium and Steel Manufacturing Company (TSM)
2010
Inception of 35%-owned subsidiary Global Pipes Co.
04-08-2009
Floated on the Saudi stock market (Tadawul)
06-06-2009
The company’s capital was increased to SAR 510 million from SAR 350 million after the initial public offering (IPO)
06-07-2008
Became a closed joint stock company
16-06-2008
The company’s capital was increased to SAR 350 million from SAR 120 million by transferring from retained earnings
18-04-1994
The company’s capital was increased to SAR 120 million from SAR 30 million by transferring SAR 82.92 million from retained earnings
09-10-1985
The company’s capital was increases to SAR 30 million from SAR 24.1 million
1982
Started commenced production
10-06-1980
Set up as a limited liability company
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