Saudi Steel Pipes Company (1320) Stock Overview

Saudi Steel Pipes Company manufactures and sells steel pipes in the Kingdom of Saudi Arabia and internationally. It operates through Steel Pipe and Process Equipment segments. The Steel Pipe segment manufactures welded steel pipes by high frequency induction welding and galvanizing, coating, threading, and bending of the pipes used in oil and gas, water, industrial, and construction sectors. Its Process Equipment segment designs, manufactures, assembles, and maintains heavy process equipment for the utilization of oil and gas, power generation, desalination, mining, solar energy, and offshore plants. In addition, the company engages in production of ERW/HFI galvanized and threaded steel pipes including pipes with three-layer external coating by polyethylene and polypropylene, and epoxy coating; and offers bended pipes in various diameters, space frame, and submerged arc welded pipes. It wholesales pipes, tubes, and hollow shapes from iron and steel, ferrous and non-ferrous metal pipes and other metal accessories, such as locks, hinges, and hand tools, as well as offers construction and metal materials. The company was incorporated in 1980 and is headquartered in Dammam, the Kingdom of Saudi Arabia.