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East Pipes Integrated Company for Industry

1321
EAST PIPES
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Stats Overview

  • Prev. Close 152.00
  • Open 152.00
  • High 153.40
  • Low 148.80
  • No. of Trades 1,053
  • Avg. Trade size* 121
  • Volume Traded 127,832
  • Value Traded (SAR) 19,265,628.60

Performance

EAST PIPES
-2.00 ( -1.32% )
View Historical
Compare
Name Price Change %
East Pipes Integrated Company for Industry 152.00 -1.32%
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
150.00
% Change
-1.32
Volume Traded
10

Best Bid

Price 149.20
Volume 165

Best Offer

Price 150.00
Volume 3,395

52 WEEK

High
177.80
2024/05/13
Low
60.70
2023/10/24
Change**
123.21

PERFORMANCE

Start of Year
81.8
Year ago
67.2
3 Years ago

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Announcements

  • East Pipes Integrated Company for Industry Company announces the Formation of Audit Committee.

    1321
    EAST PIPES -1.32 %
    1446/03/19     22/09/2024 08:07:57

  • East Pipes Integrated Company for Industry Announces Multi Contracts Sign Off with Esnad Al-Turuq for General Contracting.

    1321
    EAST PIPES -1.32 %
    1446/02/02     06/08/2024 16:09:11

  • East Pipes Integrated Company for Industry Announces the Results of the Ordinary General Assembly Meeting, (First Meeting FY 2023-2024)

    1321
    EAST PIPES -1.32 %
    1446/02/02     06/08/2024 09:02:42

  • East Pipes Integrated Company for Industry announces its Interim Financial results for the Period Ending on 2024-06-30 ( Three Months )

    1321
    EAST PIPES -1.32 %
    1446/01/25     31/07/2024 16:07:21

  • East Pipes Integrated Company for Industry Announces Resignation of a Board Member

    1321
    EAST PIPES -1.32 %
    1446/01/18     24/07/2024 15:37:03
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Corporate Actions

Upcoming Events

    Past Events

      Jump To :
      • Announcements & Corporate Actions
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      Dividends

      Announced Date Eligibility Date Distribution Date Distribution Way Dividend Amount
      26/05/2024 05/08/2024 21/08/2024 Account Transfer 1.50
      25/05/2023 16/07/2023 30/07/2023 Account Transfer 1.00

      CompanyProfilev2Financials

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      Financials

      • FINANCIAL INFORMATION
      • FINANCIAL STATEMENTS AND REPORTS
      • Annually
      • Quarterly
      Balance Sheet 2024-03-31
      Total Assets
      1,486,808
      		 - - -
      Total Liabilities
      634,895
      		 - - -
      Total Shareholders Equity (After Deducting the Minority Equity)
      851,913
      		 - - -
      Total Liabilities and Shareholders Equity
      1,486,808
      		 - - -
      Statement of Income 2024-03-31
      Total Revenue (Sales/Operating)
      1,543,168
      		 - - -
      Net Profit (Loss) before Zakat and Tax
      296,861
      		 - - -
      Zakat and Income Tax
      -29,353
      		 - - -
      Net Profit (Loss) after Zakat and Tax
      267,508
      		 - - -
      Total Comprehensive Income
      267,972
      		 - - -
      Profit (Loss) per Share
      8.49
      		 - - -
      Cash Flows 2024-03-31
      Net Cash From Operating Activities
      10,725
      		 - - -
      Net Cash From Investing Activities
      -5,176
      		 - - -
      Net Cash From Financing Activities
      7,058
      		 - - -
      Cash and Cash Equivalents, Beginning of the Period
      53,394
      		 - - -
      Cash and Cash Equivalents, End of the Period
      66,001
      		 - - -
      All Figures in Thousands
      All Currency In SAR
      Last Update Date 2024-06-02

      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 2024-06-30 2023-12-31 2023-09-30
      Total Assets
      1,467,037
      1,740,050
      1,222,827
      Total Liabilities
      543,931
      1,067,325
      636,304
      Total Shareholders Equity (After Deducting the Minority Equity)
      923,106
      672,725
      586,523
      Total Liabilities and Shareholders Equity
      1,467,037
      1,740,050
      1,222,827
      Statement of Income 2024-06-30 2023-12-31 2023-09-30
      Total Revenue (Sales/Operating)
      364,419
      552,302
      230,267
      Net Profit (Loss) before Zakat and Tax
      82,899
      95,307
      22,768
      Zakat and Income Tax
      -11,654
      -9,589
      -1,974
      Net Profit (Loss) after Zakat and Tax
      71,245
      85,719
      20,793
      Total Comprehensive Income
      71,192
      86,202
      20,836
      Profit (Loss) per Share
      2.26
      2.72
      0.66
      Cash Flows 2024-06-30 2023-12-31 2023-09-30
      Net Cash From Operating Activities
      293,933
      -488,019
      -45,940
      Net Cash From Investing Activities
      -692
      -6,021
      -2,049
      Net Cash From Financing Activities
      -159,607
      442,883
      45,036
      Cash and Cash Equivalents, Beginning of the Period
      66,001
      53,394
      53,340
      Cash and Cash Equivalents, End of the Period
      199,636
      2,237
      50,441
      All Figures in Thousands Thousands Thousands
      All Currency In SAR SAR SAR
      Last Update Date 2024-08-08 2024-02-07 2023-11-07

      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
      -
      Search
      Trading Date Shareholders Designation Shares Held Trading Day Shares Held Prev Trading Day Change
      2024-10-09 خالد براهيم سعد الربيعه Board of Directors 0.0000317% 0.0000317% 0
      2024-10-09 بسام عبدالسلام محمد باماقوس Board of Directors 0.0078063% 0.0078063% 0
      • 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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      East Pipes Integrated Company for Industry
      Price 150.00
      Market Cap (SAR MN) 4,725
      P/E Ratio 13.22
      Index Name Index Level 1D Return
      East Pipes Integrated Company for Industry %
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      Company Profile

      Company overview

      According to its Bylaws and Investment License, the Companys activities comprise the following: Manufacture of pipes. Manufacture of pipes, tubes and hollow shapes from iron and steel. Manufacture of tubes, pipes, hollow forms, and pipes and tubes connections. Processing and painting metals by refinement and polishing.

      Company History

      The Company was established on 16/06/1431H (corresponding to 030/05/2010G) under the name Pipe Development for Pipe Manufacturing Company as a limited liability company with a fully paid up capital of five hundred thousand Saudi Riyals (SAR 500,000) divided into fifty thousand (50,000) cash shares with a fully paid up nominal value of ten Saudi Riyals (SAR 10) per share. It was registered in the Commercial Register of Dammam under No. 2050071522 dated 22/07/1431H (corresponding to 07/04/2010G). The Company was also licensed by the Ministry of Investment under Industrial Investment License No. 121031118992 dated 22/07/1431H (corresponding to 07/04/2010G). On 09/11/1431H (corresponding to 17/10/2010G), the shareholders agreed to increase the Company s capital from five hundred thousand Saudi Riyals (SAR 500,000) to seventy six million, forty six thousand, eight hundred seventy five Saudi Riyals (SAR 76,046,875), divided into seventy six million, forty six thousand, eight hundred seventy five (76,046,875) shares. The nominal value of the shares was reduced to the value of one Saudi riyal (SAR 1) each. The increase of seventy five million, five hundred forty six thousand, eight hundred seventy five Saudi Riyals (SAR 75,546,875) was covered through in kind shares provided by the shareholders. On 18/12/1431H (corresponding to 24/11/2010G), the shareholders agreed to change the Company s name from Pipe Development for Pipe Manufacturing Company to Welspun Middle East Pipes Company. On 21/09/1441H (corresponding to 14/05/2020G), the Shareholders agreed to merge Welspun Coating with all of its assets, rights, liabilities and obligations into the Company under a merger agreement between the Company s shareholders and the shareholders of Welspun Coating on 21/09/1441H (corresponding to 014/05/2020G), whereby the shareholders agreed that (i) Welspun Coating shall merge with the Company, (ii) Welspun Coating shall cease to exist as a separate legal entity, and (iii) the Company shall continue to exist as the surviving entity after the merger is complete. The merger process was completed on 30/11/1441H (corresponding to 21/07/2020G), and Welspun Coating became a branch of the Company. On 05/02/1442H (corresponding to 22/09/2020G), the Company was converted from a limited liability company to a joint stock company, pursuant to Ministerial Resolution No. 7 announcing such conversion, with a fully paid up capital of seventy six million, forty six thousand, eight hundred eighty Saudi Riyals (SAR 76,046,880), divided into seven million, six hundred four thousand, six hundred eighty eight (7,604,688) ordinary shares with a nominal value of ten Saudi Riyals (SAR 10) per share.

      Company Bylaws

      Click here

      Equity Profile

      • Authorized Capital (SAR) 315,000,000
      • Issued Shares 31,500,000
      • Paid Capital (SAR) 315,000,000
      • Par Value/Share 10
      • Paid Up Value/Share 10

      Last Update :2022-10-20

      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 related regulators and supervisory authorities.

       

      • Company Details
      • BOARD OF DIRECTORS AND SENIOR EXECUTIVES INFORMATION

      • Date Established

        2010/05/30

      • Financial Year End

        31/03

      • Listing Date

        2022/02/14

      • External Auditors

        [Ernst & Young]

      • ISIN CODE

        SA15GH80KKH0

      • Number of Employees

        487

      • Chairman

        Vipul Shiv Sahai Mathur
        Non - Executive

        Vipul Shiv Sahai Mathur
        • BD Session Start
          2020-09-21
          Designation
          Chairman
        • BD Session End
          2025-09-20
          Classification
          Non - Executive
        • Qualification
          Master Degree in Business Management Bachelor degree in Science
        Companies Membership
        • Memebrship Name
          Welspun Pipes Incorporation
          Start Date
          2017-01-12
        • Memebrship Character
          Board Member
          End Date
          -
        • Memebrship Name
          Welspun Tubular LLC
          Start Date
          2019-01-03
        • Memebrship Character
          Board Member
          End Date
          -
        • Memebrship Name
          Welspun Corp Limited
          Start Date
          2017-12-01
        • Memebrship Character
          Managing Director and Chief Executive Officer
          End Date
          -

      • Board of Directors

        Viswanathan Hariharan Kollengode Non - Executive

        Viswanathan Hariharan Kollengode
        • BD Session Start
          2022-05-24
          Designation
          Board of Directors
        • BD Session End
          2025-09-20
          Classification
          Non - Executive
        • Qualification
          Bachelor degree Associate Cost & Management Accountant (ACMA)
        Companies Membership
        • Memebrship Name
          Welspun Corp Limited
          Start Date
          2002-10-28
        • Memebrship Character
          Chairman Committees
          End Date
          -
        • Memebrship Name
          AYM Syntex Limited (Formerly known as Welspun Syntex Limited)
          Start Date
          2015-07-31
        • Memebrship Character
          Board Member
          End Date
          -
        • Memebrship Name
          Welspun Specialty Solutions Ltd.
          Start Date
          2022-04-27
        • Memebrship Character
          Chairman Committees
          End Date
          -
        • Memebrship Name
          Welspun Wasco Coatings Private Ltd.
          Start Date
          2015-10-21
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          Welspun Captive Power Generation Limited
          Start Date
          07-30-2016
        • Memebrship Character
          Chairman Committees
          End Date
          -

        Sultan Sameer Saeed Judiah Non - Executive

        Sultan Sameer Saeed Judiah
        • BD Session Start
          2022-05-24
          Designation
          Board of Directors
        • BD Session End
          2025-09-20
          Classification
          Non - Executive
        • Qualification
          Master of Business Administration
        Companies Membership
        • Memebrship Name
          Miahona, a Saudi limited liability company
          Start Date
          -
        • Memebrship Character
          Vice chairman
          End Date
          -
        • Memebrship Name
          Advanced Piping Solutions, a Saudi limited liability company
          Start Date
          -
        • Memebrship Character
          Board Member
          End Date
          -
        • Memebrship Name
          Toledo Arabia Ltd
          Start Date
          -
        • Memebrship Character
          Board Member
          End Date
          -
        • Memebrship Name
          ADDAR Chemicals Company
          Start Date
          -
        • Memebrship Character
          Board Member
          End Date
          -
        • Memebrship Name
          -
          Start Date
          -
        • Memebrship Character
          Board Member
          End Date
          -

        Mohammed Saleh Mohammed AlHammadi Non - Executive

        Mohammed Saleh Mohammed AlHammadi
        • BD Session Start
          2020-09-21
          Designation
          Board of Directors
        • BD Session End
          2025-09-20
          Classification
          Non - Executive
        • Qualification
          Bachelor degree in Business Administration Bachelor degree in Marketing
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          Aziz Company for Contracting and Industrial Investment
          Start Date
          -
        • Memebrship Character
          Board Member
          End Date
          -
        • Memebrship Name
          Medical Support Services
          Start Date
          -
        • Memebrship Character
          General Manager
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        • Memebrship Name
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          Start Date
          -
        • Memebrship Character
          Board Member
          End Date
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        • Memebrship Name
          Al Hammadi holding Company
          Start Date
          -
        • Memebrship Character
          Managing Director and Chief Executive Officer
          End Date
          -

        Suhail Amin Nathani Independent

        Suhail Amin Nathani
        • BD Session Start
          2020-09-21
          Designation
          Board of Directors
        • BD Session End
          2025-09-20
          Classification
          Independent
        • Qualification
          Master in Law, Duke University Master in Law, Cambridge University Bachelor of Commerce, Bombay University
        Companies Membership
        • Memebrship Name
          Piramal Enterprises Limited
          Start Date
          2020-10-14
        • Memebrship Character
          Board Member
          End Date
          -
        • Memebrship Name
          Progressive Electoral Trust
          Start Date
          2018-03-28
        • Memebrship Character
          Board Member
          End Date
          -

        Khalid Ibrahim Saad Al-Rabiah Independent

        Khalid Ibrahim Saad Al-Rabiah
        • BD Session Start
          2021-09-21
          Designation
          Board of Directors
        • BD Session End
          2025-09-20
          Classification
          Independent
        • Qualification
          Bachelor of Accounting
        Companies Membership
        • Memebrship Name
          International Company for Water and Power Projects (ACWA Power)
          Start Date
          2022-05-01
        • Memebrship Character
          Chairman of the Audit Committee
          End Date
          -
        • Memebrship Name
          Saudi District Cooling Company
          Start Date
          -
        • Memebrship Character
          Chairman of the Audit Committee
          End Date
          -
        • Memebrship Name
          Abdullah Al-Othaim Investment Company
          Start Date
          2021-01-01
        • Memebrship Character
          Board Member
          End Date
          -
        • Memebrship Name
          Yanbu National Petrochemical Company (Yansab)
          Start Date
          -
        • Memebrship Character
          Board Member
          End Date
          -
        • Memebrship Name
          Southern Cement Company
          Start Date
          2023-12-13
        • Memebrship Character
          Board Member
          End Date
          -

        Bassam Abdulsalam Mohamed Bamagous Non - Executive

        Bassam Abdulsalam Mohamed Bamagous
        • BD Session Start
          2022-10-20
          Designation
          Board of Directors
        • BD Session End
          2025-09-20
          Classification
          Non - Executive
        • Qualification
          Master Degree in Electrical Engineering in KFUPM Bachelor Degree in Electrical Engineering in KFUPM
        Companies Membership
        • Memebrship Name
          Board member in Anixter Saudi Arabia
          Start Date
          -
        • Memebrship Character
          Executive
          End Date
          -
        • Memebrship Name
          Board Member Development Company for Industrial and Commercial Investment
          Start Date
          -
        • Memebrship Character
          Executive
          End Date
          -
        • Memebrship Name
          Member of the Board of Directors of the Saudi Target Construction Company
          Start Date
          -
        • Memebrship Character
          Executive
          End Date
          -
        • Memebrship Name
          -
          Start Date
          -
        • Memebrship Character
          Executive
          End Date
          -
        • Memebrship Name
          Member of the Board of Directors of the Saudi International Energy Company
          Start Date
          -
        • Memebrship Character
          Executive
          End Date
          -

        Ahmed Mubarak Mohammed Al-Debasi Independent

        Ahmed Mubarak Mohammed Al-Debasi
        • BD Session Start
          2020-09-21
          Designation
          Board of Directors
        • BD Session End
          2024-07-28
          Classification
          Independent
        • Qualification
          Bachelor in Business Administration, Temple
        Companies Membership
        • Memebrship Name
          Saudi Steel Pipe Company
          Start Date
          2019-06-07
        • Memebrship Character
          Chairman
          End Date
          2024-07-28

      • Senior Executives

        Mohammed Abdulaziz Mohammed Al-Shaheen CEO

        Mohammed Abdulaziz Mohammed Al-Shaheen
        • BD Session Start
          2021-06-01
          Designation
          Senior Executives
        • BD Session End
          -
          Classification
          CEO
        • Qualification
          Bachelor of Science and Mechanical Engineering
        Companies Membership
        • Memebrship Name
          Abunayyan Trading Company
          Start Date
          2019-07-01
        • Memebrship Character
          Chief operating officer
          End Date
          2020-03-31
        • Memebrship Name
          Saudi Steel Pipe Company
          Start Date
          2005-02-01
        • Memebrship Character
          Acting chief executive officer
          End Date
          2019-03-31

        Mohammed Saleh Ali Darweesh CFO

      Mohammed Saleh Ali Darweesh
      • BD Session Start
        2021-08-18
        Designation
        Senior Executives
      • BD Session End
        -
        Classification
        CFO
      • Qualification
        Ph.D. in Financial Management
      Companies Membership
      • Memebrship Name
        Meddle East Paper Co. (MepCo)
        Start Date
        2016-09-28
      • Memebrship Character
        Group Chief financial officer
        End Date
        2021-04-10
      • Memebrship Name
        Higher Institute for Paper & Industrial Technologies
        Start Date
        2019-03-11
      • Memebrship Character
        Board Member and Executive Committee Member
        End Date
        2021-04-10
      • Memebrship Name
        Qassim Cement Co
        Start Date
        2009-11-14
      • Memebrship Character
        Chief financial officer
        End Date
        2016-09-15

      Investor Relations

      Contact Name:

      Ashraf Fares Al Aydi

      Company Address:

      Second Industrial City, Dammam P.O. Box 12934 Dammam 31483 Kingdom of Saudi Arabia

      Contact Details:

      Telephone: 00966138616801
      Fax : 00966138616708
      Email : info@eastpipes.com, IR@eastpipes.com

      Company Website:

      www.eastpipes.com


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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.