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Saudi Steel Pipe Co.

1320
SSP
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  • Main Market
  • Materials

Stats Overview

  • Prev. Close 24.10
  • Open 24.32
  • High 24.32
  • Low 24.20
  • No. of Trades 213
  • Avg. Trade size* 132
  • Volume Traded 28,058
  • Value Traded (SAR) 681,737.34

Performance

SSP
0.20 ( 0.83% )
Compare
Index Name Index Level 1D Return
Saudi Steel Pipe Co. 24.32 0.83%
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
24.30
% Change
0.83
Volume Traded
1,800

Best Bid

Price 24.36
Volume 41

Best Offer

Price 24.38
Volume 2,080

52 WEEK

High
26.15
2023/05/22
Low
17.30
2022/12/12
Change**
5.29

PERFORMANCE

Start of Year
18.12
Year ago
23.08
3 Years ago
16.16

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Announcements

  • Saudi Steel Pipe Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting via Modern Technology Means

    1320
    SSP 0.83 %
    1444/11/10     30/05/2023 16:00:29
  • Saudi Steel Pipe Co. Announces Non-distribution of Cash Dividends to Shareholders for Year Ended in 31st December 2022

    1320
    SSP 0.83 %
    1444/11/05     25/05/2023 15:38:43
  • Saudi Steel Pipe Co. Announces Contract Sign Off with SAUDI ARAMCO

    1320
    SSP 0.83 %
    1444/11/01     21/05/2023 15:45:59
  • Saudi Steel Pipe Co. Completes The Acquisition of an Additional 22.27% Participation in Global Pipe Company

    1320
    SSP 0.83 %
    1444/10/28     18/05/2023 08:00:21
  • Saudi Steel Pipe Co. Announces Contract Sign Off with SAUDI ARAMCO

    1320
    SSP 0.83 %
    1444/10/24     14/05/2023 15:53:08
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Corporate Actions

CompanyProfilev2Financials

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Financials

  • Balance Sheet
  • Statement of Income
  • Cash Flow
  • XBRL
  • Detailed Reports and Statements
  • Annually
  • Quarterly
Balance Sheet 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Current Assets
194,063
230,816
300,300
263,137
Inventory
254,310
118,229
127,137
150,066
Investments
114,140
104,966
110,193
105,422
Fixed Assets
453,910
498,513
552,537
581,421
Other Assets
22,018
19,483
20,177
18,848
Total Assets
1,038,441
972,007
1,110,344
1,118,894
Current Liabilities
324,298
367,599
466,332
437,851
Non-Current Liabilities
163,627
109,204
150,827
152,985
Other Liabilities - - - -
Shareholders Equity
550,516
495,204
493,185
528,058
Total Liabilities and Shareholder Equity
1,038,441
972,007
1,110,344
1,118,894
Minority Interests - - - -
All Figures in Thousands Thousands Thousands Thousands
All Currency In SAR SAR SAR SAR
Last Update Date 2023-04-10 2022-03-07 2021-03-14 2020-04-09
Balance Sheet 2023-03-31 2022-09-30 2022-06-30 2022-03-31
Current Assets
202,848
344,961
276,699
289,891
Inventory
226,113
213,628
89,087
144,161
Investments
117,876
107,387
104,564
104,850
Fixed Assets
444,430
463,636
473,451
489,228
Other Assets
22,694
23,228
24,133
18,579
Total Assets
1,013,961
1,152,840
967,934
1,046,709
Current Liabilities
329,201
446,707
317,123
441,995
Non-Current Liabilities
127,872
167,862
129,334
94,981
Other Liabilities - - - -
Shareholders Equity
556,888
538,271
521,477
509,733
Total Liabilities and Shareholder Equity
1,013,961
1,152,840
967,934
1,046,709
Minority Interests - - - -
All Figures in Thousands Thousands Thousands Thousands
All Currency In SAR SAR SAR SAR
Last Update Date 2023-05-07 2023-04-10 2022-08-17 2022-05-10
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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 24.30
Market Cap (SAR MN) 1,239
P/E Ratio 26.92
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

    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
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