companyprofile
East Pipes Integrated Company for Industry
- 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
- *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
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52 WEEK
PERFORMANCE
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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 |
- Announcements & Corporate Actions
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- Peer Comparison
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- Announcements & Corporate Actions
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- Company Profile
- Announcements & Corporate Actions
- Financials
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- Company Profile
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
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
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