companyprofile

Actions

Saudi Steel Pipe Co.

1320
SSP
Add To Watchlist
In your Watchlist
Add To Watchlist
  • Main Market
  • Materials

Stats Overview

  • Prev. Close 19.54
  • Open 19.80
  • High 19.80
  • Low 19.60
  • No. of Trades 481
  • Avg. Trade size* 323
  • Volume Traded 155,273
  • Value Traded (SAR) 3,060,790.96

Performance

SSP
0.16 ( 0.82% )
Compare
Index Name Index Level 1D Return
Saudi Steel Pipe Co. 19.80 0.82%
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
19.70
% Change
0.82
Volume Traded
1,450

Best Bid

Price 19.62
Volume Traded 694

Best Offer

Price 19.68
Volume Traded 15

52 WEEK

High
29.00
2022/02/06
Low
17.30
2022/12/12
Change**
-28.75

PERFORMANCE

Start of Year
18.12
Year ago
27.65
3 Years ago
21.4

Compare Selected

Select a Maximum of 5 Companies

Compare Selected

LoginPortletPopupv2

Actions

AddtoWatchlistv2

Actions

Add to watchlist

AnnouncmentandCorporateAction

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

Announcements

  • Saudi Steel Pipe Company announces the exercise of right of first refusal to acquire additional stake in its affiliate Global Pipe Company

    1320
    SSP 0.82 %
    1444/05/13     07/12/2022 15:45:04
  • Saudi Steel Pipe Co. announces its Interim Financial Results for the Period Ending on 2022-09-30 ( Nine Months )

    1320
    SSP 0.82 %
    1444/04/12     06/11/2022 08:19:21
  • Saudi Steel Pipe Co. Announces Contract Sign Off with SAUDI ARAMCO

    1320
    SSP 0.82 %
    1444/02/25     21/09/2022 15:55:20
  • Saudi Steel Pipe Co. Announces Contract Sign Off with Tenaris Global Services (Uruguay)

    1320
    SSP 0.82 %
    1444/02/02     29/08/2022 16:00:37
  • Saudi Steel Pipe Co. announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )

    1320
    SSP 0.82 %
    1444/01/06     04/08/2022 08:33:21
View All

Corporate Actions

--
All Corporate Actions

CompanyProfilev2Financials

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

Financials

  • Balance Sheet
  • Statement of Income
  • Cash Flow
  • XBRL
  • Detailed Reports and Statements
  • Annually
  • Quarterly
Balance Sheet 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Current Assets
230,816
300,300
263,137
226,247
Inventory
118,229
127,137
150,066
202,145
Investments
104,966
110,193
105,422
96,482
Fixed Assets
498,513
552,537
581,421
615,672
Other Assets
19,483
20,177
18,848
11,660
Total Assets
972,007
1,110,344
1,118,894
1,152,206
Current Liabilities
367,599
466,332
437,851
428,970
Non-Current Liabilities
109,204
150,827
152,985
163,793
Other Liabilities - - - -
Shareholders Equity
495,204
493,185
528,058
559,443
Total Liabilities and Shareholder Equity
972,007
1,110,344
1,118,894
1,152,206
Minority Interests - - - -
All Figures in Thousands Thousands Thousands Thousands
All Currency In SAR SAR SAR SAR
Last Update Date 2022-03-07 2021-03-14 2020-04-09 2019-03-26
Balance Sheet 2022-06-30 2022-03-31 2021-09-30 2021-06-30
Current Assets
276,699
289,891
251,550
260,590
Inventory
89,087
144,161
110,245
103,534
Investments
104,564
104,850
105,445
105,312
Fixed Assets
473,451
489,228
508,924
518,304
Other Assets
24,133
18,579
20,751
21,521
Total Assets
967,934
1,046,709
996,915
1,009,261
Current Liabilities
317,123
441,995
390,860
404,139
Non-Current Liabilities
129,334
94,981
113,508
128,493
Other Liabilities - - - -
Shareholders Equity
521,477
509,733
492,547
476,629
Total Liabilities and Shareholder Equity
967,934
1,046,709
996,915
1,009,261
Minority Interests - - - -
All Figures in Thousands Thousands Thousands Thousands
All Currency In SAR SAR SAR SAR
Last Update Date 2022-08-17 2022-05-10 2021-12-08 2021-08-12
Jump To:
  • Announcements & Corporate Actions
  • Financials
  • Shareholding
  • Peer Comparison
  • Company Profile

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
  • 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.
for
subs
Jump To:
  • Announcements & Corporate Actions
  • Financials
  • Shareholding
  • Peer Comparison
  • Company Profile

Peer Comparison

  • Table
  • Graphical
Add Company

Compare Selected

Select a Maximum of 5 Companies

Company Apply
Saudi Steel Pipe Co.
Price 19.70
Market Cap (SAR MN) 1,005
P/E Ratio 22.51
Jump To:
  • Announcements & Corporate Actions
  • Financials
  • Shareholding
  • Peer Comparison
  • Company Profile

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

Click here

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

    Mariano Armengol Lamazares Executive

    Mariano Armengol Lamazares
    • BD Session Start
      2022-06-07
      Designation
      Board of Directors
    • BD Session End
      2025-06-06
      Classification
      Executive
    • Qualification
      Bachelor's Degree in Chemistry

    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 Non - Executive

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

    Mariano Armengol Lamazares CEO

    Mariano Armengol Lamazares
    • BD Session Start
      2022-06-07
      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 Ob Subsidiary Percentage Of Property Main Business Location Of Operation Country Of Operation
Global Pipe Company Ltd 35.00% Building & Construction Jubail - Royal Commission Saudi Arabia
Add To Watchlist
In your Watchlist
Add To Watchlist