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Saudi Steel Pipe Co.

1320
SSP
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  • Main Market
  • Materials

Stats Overview

  • Prev. Close 67.30
  • Open 67.40
  • High 67.50
  • Low 66.00
  • No. of Trades 2,423
  • Avg. Trade size* 160
  • Volume Traded 388,167
  • Value Traded (SAR) 25,849,520.70

Performance

SSP
0.20 ( 0.30% )
Compare
Name Price Change %
Saudi Steel Pipe Co. 67.40 0.30%
Note: Prices are delayed minimum 5 minutes
  • *Average Trade Size = Cumulative / # of Trades
  • **52 Week Price Change =   (Current Price - Price year ago) / Price year ago x 100
  • Historical prices & volume traded data are adjusted to account for all corporate actions.
  • MO: Market Order

Trade Updates

Last Trade

Price
67.50
% Change
0.30
Volume Traded
8

Best Bid

Price 67.50
Volume 1,328

Best Offer

Price 67.60
Volume 1,681

52 WEEK

High
94.00
2024/03/18
Low
25.50
2023/08/01
Change**
155.68

PERFORMANCE

Start of Year
36.25
Year ago
26.4
3 Years ago
31.45

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Announcements

  • Addendum Announcement from Saudi Steel Pipe Co. in regards to its Board of Directors invitation to shareholders to attend the ordinary general assembly meeting (first meeting) via modern technology

    1320
    SSP 0.3 %
    1445/11/27     04/06/2024 16:17:54
  • Saudi Steel Pipe Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting) via Modern Technology Means

    1320
    SSP 0.3 %
    1445/11/26     03/06/2024 15:38:28
  • Saudi Steel Pipe Co. announces the Board of Directors’ recommendation to distribute cash dividends to the shareholders for the financial year 2023

    1320
    SSP 0.3 %
    1445/11/15     23/05/2024 15:44:28
  • Saudi Steel Pipe Co. Announces Contract Sign Off with Saudi Aramco

    1320
    SSP 0.3 %
    1445/11/07     15/05/2024 08:19:45
  • Saudi Steel Pipe Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

    1320
    SSP 0.3 %
    1445/10/19     28/04/2024 08:35:06
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Corporate Actions

Upcoming Events

    Past Events

      Jump To :
      • Announcements & Corporate Actions
      • Dividends
      • Financials
      • Shareholding
      • Peer Comparison
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      Dividends

      Announced Date Eligibility Date Distribution Date Distribution Way Dividend Amount
      23/05/2024 24/06/2024 07/07/2024 Account Transfer 0.74
      07/07/2015 09/07/2015 30/07/2015 Account Transfer 0.50
      24/02/2015 01/04/2015 21/04/2015 Account Transfer 0.50
      16/07/2013 17/07/2013 01/08/2013 Account Transfer 0.75
      18/02/2013 03/04/2013 18/04/2013 Account Transfer 0.75

      CompanyProfilev2Financials

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      Financials

      • FINANCIAL INFORMATION
      • FINANCIAL STATEMENTS AND REPORTS
      • Annually
      • Quarterly
      Balance Sheet 2023-12-31
      Total Assets
      2,044,464
      - - -
      Total Liabilities
      1,150,596
      - - -
      Total Shareholders Equity (After Deducting the Minority Equity)
      721,872
      - - -
      Total Liabilities and Shareholders Equity
      2,044,464
      - - -
      Statement of Income 2023-12-31
      Total Revenue (Sales/Operating)
      1,334,708
      - - -
      Net Profit (Loss) before Zakat and Tax
      224,406
      - - -
      Zakat and Income Tax
      -6,945
      - - -
      Net Profit (Loss) after Zakat and Tax
      217,261
      - - -
      Total Comprehensive Income
      215,352
      - - -
      Profit (Loss) per Share
      3.42
      - - -
      Cash Flow 2023-12-31
      Net Cash From Operating Activities
      315,358
      - - -
      Net Cash From Investing Activities
      -22,813
      - - -
      Net Cash From Financing Activities
      -162,712
      - - -
      Cash and Cash Equivalents, Beginning of the Period
      79,332
      - - -
      Cash and Cash Equivalents, End of the Period
      209,165
      - - -
      All Figures in Thousands
      All Currency In SAR
      Last Update Date 2024-03-03

      The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate. The above information does not replace detailed financial statements, as detailed financial statements are the reliable source that must be consulted to obtain accurate financial information.

      Balance Sheet 2024-03-31 2023-09-30
      Total Assets
      1,849,095
      2,105,410
      Total Liabilities
      878,906
      1,295,157
      Total Shareholders Equity (After Deducting the Minority Equity)
      777,979
      666,407
      Total Liabilities and Shareholders Equity
      1,849,095
      2,105,410
      Statement of Income 2024-03-31 2023-09-30
      Total Revenue (Sales/Operating)
      514,939
      317,467
      Net Profit (Loss) before Zakat and Tax
      80,648
      39,449
      Zakat and Income Tax
      -4,327
      -1,534
      Net Profit (Loss) after Zakat and Tax
      76,321
      37,916
      Total Comprehensive Income
      76,321
      37,916
      Profit (Loss) per Share
      1.11
      0.49
      Cash Flow 2024-03-31 2023-09-30
      Net Cash From Operating Activities
      -26,731
      84,797
      Net Cash From Investing Activities
      -6,150
      -20,792
      Net Cash From Financing Activities
      -46,656
      31,289
      Cash and Cash Equivalents, Beginning of the Period
      209,165
      79,332
      Cash and Cash Equivalents, End of the Period
      129,628
      174,627
      All Figures in Thousands Thousands
      All Currency In SAR SAR
      Last Update Date 2024-05-06 2023-11-09

      The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate. The above information does not replace detailed financial statements, as detailed financial statements are the reliable source that must be consulted to obtain accurate financial information.

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      Shareholding Information

      • Board Of Directors
      • Foreign Ownership
      • Substantial Shareholders
      Time Period
      -
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      Trading Date Shareholders Designation Shares Held Trading Day Shares Held Prev Trading Day Change
      • The listed company (Publisher) shall be responsible for the accuracy of the published information pertaining to the ownership of the Board of Directors, Chief Executive Officer or highest executive position, and the Chief Financial Officer. The listed company shall also be responsible for updating these information thereof. Therefore, the Saudi Stock Exchange (Tadawul) shall not be liable for the information contained therein, nor for any consequences that may result from the said information.
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      Saudi Steel Pipe Co.
      Price 67.50
      Market Cap (SAR MN) 3,432
      P/E Ratio 11.94
      Index Name Index Level 1D Return
      Saudi Steel Pipe Co. %
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      Company Profile

      Company overview

      Saudi Steel Pipe Company (SSP) is a leading manufacturer and supplier of electrically resistance welded steel pipes (ERW) for the energy, industrial and construction segments in the Middle East and North Africa. SSP offers oil and gas customers a full range of products including Oil Country Tubular Goods (OCTG), Line Pipe, API and Premium Connections and related accessories and services. It also serves customers in the industrial and construction segment with a wide range of black and galvanized pipes. SSP products are manufactured according to stringent international and national quality and safety standards. Its certifications include ISO 9001, API Q1, OHSAS 18001, and ISO 14001 respectively for Quality Management, Safety and Environmental Management Systems. SSP is also qualified with major national oil and gas companies and EPC contractors in the region. SSP main product certifications include API 5L, API 5CT, UL6, UL852 & FM. The company also provides material for the industrial and construction segments under ASTM A53, ANSI C80.1, EN 39, EN 10219, BS 1387 / BS EN 10255 specifications. SSP facilities are located in the Second Industrial City of Dammam and it has a service and distribution network covering more than 20 countries. The company employs over 350 employees with a Saudization rate over 55%. Our mission is to deliver value to our customers through product and process innovation, manufacturing excellence, supply chain integration, technical assistance and customer service, aiming at reducing risk and costs, increasing flexibility and improving time-to-market. Wherever we operate, we are committed to safety and minimizing our impact on the environment, providing opportunities for our people, and contributing to the sustainable development of our communities. Our employees seek constant improvement by sharing knowledge across a single global organization.

      Company History

      SSP is the first pipe producer in the Kingdom with over 40 years of history. It was initially incorporated as a limited liability mixed industrial company (Saudi-Korean) under Commercial Registration Number 2050009144 dated 27 Rajab 1400H (corresponding to 11 June 1980G). The company was then converted into a closed joint stock company pursuant to the Minister of Commerce and Industry Resolution No. 187 dated 03/06/1429H (corresponding to 07/06/2008G). In 2009, SSP was listed on Tadawul, embarking on an ambitious journey to lead pipe technology and services in the region. It raised its yearly production capacity to over 400 thousand tons in sizes from 1/2 inches to 20 inches OD, and added coating services for up to 30 inches, and bending services for up to 60 inches OD. In 2019, Tenaris acquired 47.79% of SSP shares and rebranded the company to TenarisSaudiSteelPipes.

      Company Bylaws

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      Equity Profile

      • Authorized Capital (SAR) 510,000,000
      • Issued Shares 51,000,000
      • Paid Capital (SAR) 510,000,000
      • Par Value/Share 10
      • Paid Up Value/Share 10

      Last Update :-

      Investment limits

      There are no investment limits on the company's shares as per the amended Rules for Qualified Foreign Financial Institutions Investment in Listed Securities and Instructions for the Foreign Strategic Investors Ownership in Listed Companies based on company's bylaw and the issued instructions by the related regulators and supervisory Authorities.

       

      • Company Details
      • BOARD OF DIRECTORS AND SENIOR EXECUTIVES INFORMATION
      • Date Established

        1980/06/10

      • Financial Year End

        31/12

      • Listing Date

        2009/08/04

      • External Auditors

        [Dr. Mohamed Al-Amri & Co. (BDO)]

      • ISIN CODE

        SA12B050KK11

      • Number of Employees

        350

      • Chairman

        Mohammed Abdulaziz Al Shayea
        Independent

        Mohammed Abdulaziz Al Shayea
        • BD Session Start
          2022-06-07
          Designation
          Chairman
        • BD Session End
          2025-06-06
          Classification
          Independent
        • Qualification
          Master's Degree in Accounting
      • Board of Directors

        Carlos Andres Ferreyra Deputy Chairman - Non Executive

        Carlos Andres Ferreyra
        • BD Session Start
          2022-06-07
          Designation
          Board of Directors
        • BD Session End
          2025-06-06
          Classification
          Deputy Chairman - Non Executive
        • Qualification
          Master's Degree in Economics

        Francisco Zini Non - Executive

        Francisco Zini
        • BD Session Start
          2023-11-16
          Designation
          Board of Directors
        • BD Session End
          2025-06-06
          Classification
          Non - Executive
        • Qualification
          Graduate of MIT and ITBA

        Salman Ahmed Akbar Independent

        Salman Ahmed Akbar
        • BD Session Start
          2022-06-07
          Designation
          Board of Directors
        • BD Session End
          2025-06-06
          Classification
          Independent
        • Qualification
          Bachelor's Degree in Accounting

        Majed Mohammed Al-Dakheel Independent

        Majed Mohammed Al-Dakheel
        • BD Session Start
          2022-06-07
          Designation
          Board of Directors
        • BD Session End
          2025-06-06
          Classification
          Independent
        • Qualification
          Bachelor's Degree in Accounting

        Renwar Berzinji Executive

        Renwar Berzinji
        • BD Session Start
          2022-06-07
          Designation
          Board of Directors
        • BD Session End
          2025-06-06
          Classification
          Executive
        • Qualification
          Executive MBA

        Yves Walid Non - Executive

        Yves Walid
        • BD Session Start
          2022-06-07
          Designation
          Board of Directors
        • BD Session End
          2025-06-06
          Classification
          Non - Executive
        • Qualification
          Bachelor's Degree in Chemistry

        Youngwook Chang Independent

        Youngwook Chang
        • BD Session Start
          2022-06-07
          Designation
          Board of Directors
        • BD Session End
          2025-06-06
          Classification
          Independent
        • Qualification
          Bachelor's Degree in Business Administration

        Hoon Park Non - Executive

        Hoon Park
        • BD Session Start
          2022-06-07
          Designation
          Board of Directors
        • BD Session End
          2025-06-06
          Classification
          Non - Executive
        • Qualification
          P.hD Architecture Engineering
      • Senior Executives

        Renwar Berzinji CEO

        Renwar Berzinji
        • BD Session Start
          2023-07-01
          Designation
          Senior Executives
        • BD Session End
          -
          Classification
          CEO
        • Qualification
          Bachelor's Degree in Chemistry

        Mohammed Anwar Alshakhouri CFO

      Mohammed Anwar Alshakhouri
      • BD Session Start
        2020-10-13
        Designation
        Senior Executives
      • BD Session End
        -
        Classification
        CFO
      • Qualification
        Bachelors's Degree in Accounting

      Investor Relations

      Contact Name:

      Mohammed A. Alshakhouri

      Company Address:

      P.O.Box 11680 DAMMAM 31463

      Contact Details:

      Telephone: 013-8122222
      Fax : 013-8121005
      Email : ssp-investors@tenaris.com

      Company Website:

      www.sspipe.com


      Name Of Subsidiary Percentage Of Property Main Business Location Of Operation Country Of Operation
      Global Pipe Company Ltd 57.27% Building & Construction Jubail - Royal Commission Saudi Arabia
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      The Capital Market Authority and Saudi Exchange take no responsibility for the contents of these disclosures, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of these disclosures, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.