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East Pipes Integrated Company for Industry

1321
EAST PIPES
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  • Main Market
  • Materials

Stats Overview

  • Prev. Close 62.90
  • Open 62.10
  • High 62.60
  • Low 61.20
  • No. of Trades 1,221
  • Avg. Trade size* 276
  • Volume Traded 336,738
  • Value Traded (SAR) 20,839,636.60

Performance

EAST PIPES
-0.50 ( -0.79% )
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Index Name Index Level 1D Return
East Pipes Integrated Company for Industry 62.10 -0.79%
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
62.30
% Change
-0.79
Volume Traded
136

Best Bid

Price 62.10
Volume 689

Best Offer

Price 62.30
Volume 764

52 WEEK

High
69.90
2023/05/24
Low
36.50
2022/12/18
Change**
25.48

PERFORMANCE

Start of Year
37.65
Year ago
49.65
3 Years ago

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Announcements

  • East Pipes Integrated Company for Industry announces the distribution of cash dividend for the financial year 2023

    1321
    EAST PIPES -0.79 %
    1444/11/05     25/05/2023 15:57:57

  • East Pipes Integrated Company for Industry announces its Annual Financial Results for the Period Ending on 2023-03-31

    1321
    EAST PIPES -0.79 %
    1444/11/05     25/05/2023 15:42:15

  • East Pipes Integrated Company for Industry Announces Contract Sign Off with Saudi Arabian Oil Co. (Aramco)

    1321
    EAST PIPES -0.79 %
    1444/11/02     22/05/2023 08:52:50

  • East Pipes Integrated Company for Industry Announces Contract Sign Off with Abdullah Ibrahim Al Sayegh & Sons Co

    1321
    EAST PIPES -0.79 %
    1444/10/24     14/05/2023 15:37:10

  • East Pipes Integrated Company for Industry announces its Interim Financial Results for the Period Ending on 31-12-2022 ( Nine Months )

    1321
    EAST PIPES -0.79 %
    1444/07/07     29/01/2023 16:09:23
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Corporate Actions

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Financials

  • Balance Sheet
  • Statement of Income
  • Cash Flow
  • XBRL
  • Detailed Reports and Statements
  • Annually
  • Quarterly
Balance Sheet 2022-03-31 2021-03-31 2020-03-31 2019-03-31
Current Assets
575,724
400,127
711,623
375,543
Inventory
39,749
114,495
175,784
196,181
Investments - - - -
Fixed Assets
262,335
277,381
229,733
253,537
Other Assets
18,111
26,846
31,410
3,268
Total Assets
895,919
818,849
1,148,550
828,529
Current Liabilities
346,092
254,892
728,226
596,655
Non-Current Liabilities
34,837
46,340
143,762
190,972
Other Liabilities - - - -
Shareholders Equity
514,990
517,617
276,562
40,902
Total Liabilities and Shareholder Equity
895,919
818,849
1,148,550
828,529
Minority Interests - - - -
All Figures in Thousands Thousands Thousands Thousands
All Currency In SAR SAR SAR SAR
Last Update Date 2022-06-01 2022-02-14 2022-02-14 2022-02-14
Balance Sheet
Current Assets - - - -
Inventory - - - -
Investments - - - -
Fixed Assets - - - -
Other Assets - - - -
Total Assets - - - -
Current Liabilities - - - -
Non-Current Liabilities - - - -
Other Liabilities - - - -
Shareholders Equity - - - -
Total Liabilities and Shareholder Equity - - - -
Minority Interests - - - -
All Figures in
All Currency In
Last Update Date
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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
2023-05-30 بسام عبدالسلام محمد باماقوس Board of Directors 0.0029810 0.0029810 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 62.30
Market Cap (SAR MN) 1,981
P/E Ratio 25.63
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

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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
    Companies Membership
    • Memebrship Name
      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
      End Date
      -
    • Memebrship Name
      Al Baha Company for Investment and Development
      Start Date
      -
    • Memebrship Character
      Board Member
      End Date
      -
    • Memebrship Name
      Al Hammadi Company for Investment and Development
      Start Date
      -
    • Memebrship Character
      Managing Director and Chief Executive Officer
      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
      2025-09-20
      Classification
      Independent
    • Qualification
      Bachelor degree in Business Administration
    Companies Membership
    • Memebrship Name
      Saudi Steel Pipe Company
      Start Date
      2019-07-06
    • Memebrship Character
      Chairman
      End Date
      -
    • Memebrship Name
      Titanium and Steel Manufacturing Company
      Start Date
      2019-10-06
    • Memebrship Character
      Board Member
      End Date
      -
    • Memebrship Name
      Middle East Paper Company (MEPCO)
      Start Date
      2019-11-14
    • Memebrship Character
      Board Member
      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
      Saudi Mining Services Company
      Start Date
      -
    • Memebrship Character
      Consultant
      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
      -

  • 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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