Saudi Steel Pipe Co.
"Sector" = median of Basic Materials across 63 companies
About Saudi Steel Pipe Co.
AI-generatedSaudi Steel Pipe Co. (1320) is a leading manufacturer of steel pipes and tubes in Saudi Arabia, serving the oil, gas, water, and construction sectors. The company produces a wide range of products including line pipes, casing pipes, and structural pipes, catering to both onshore and offshore applications. Its operations are centered in Jubail Industrial City, leveraging the Kingdom's strategic location and access to raw materials.
The company generates revenue primarily from the sale of steel pipes to energy and infrastructure projects. Its business model relies on long-term contracts with major oil and gas companies, as well as government-backed water and construction initiatives. Revenue streams are diversified across product types and end-use industries, with a focus on high-value, custom-engineered pipes. The company also exports to regional markets, though domestic sales dominate.
Saudi Steel Pipe operates in the competitive steel industry, facing rivals such as National Pipe Company and Al Yamama Steel. Its positioning is strengthened by its Saudi Arabian base, benefiting from low energy costs and proximity to key customers in the oil and gas sector. The company holds certifications from international standards bodies, enabling it to compete for large-scale projects. The recent decline in revenue and earnings reflects industry headwinds, but its solid margins and moderate debt levels indicate resilience.
The company's primary customers are national oil companies like Saudi Aramco, as well as engineering, procurement, and construction (EPC) contractors. Its pipes are used in critical infrastructure such as oil and gas pipelines, water transmission networks, and building construction. Geographically, the company focuses on the Saudi market, with some exports to neighboring Gulf countries and North Africa. The target audience is industrial and governmental entities requiring high-quality, durable piping solutions.
An auto-generated descriptive profile based on company data, for informational purposes only.
No 24-hour summary has been generated yet.
Financial highlights
Latest saved period: March 2026 · 2026-03-31
Dividend history
Cash dividends by ex-date, not an investment recommendation.
| Ex-date | Amount | Payment date | Period |
|---|---|---|---|
| Jun 4, 2025 | 3.95 SAR | — | — |
| Jun 25, 2024 | 0.74 SAR | — | — |
| Jul 12, 2015 | 0.50 SAR | — | — |
| Apr 2, 2015 | 0.50 SAR | — | — |
| Jul 17, 2013 | 0.75 SAR | — | — |
| Apr 6, 2013 | 0.75 SAR | — | — |
| Apr 4, 2013 | 0.75 SAR | — | — |
| Mar 20, 2012 | 0.75 SAR | — | — |
| Oct 1, 2011 | 0.75 SAR | — | — |
| Sep 29, 2011 | 0.75 SAR | — | — |
| Mar 8, 2011 | 1.00 SAR | — | — |
Revenue
↑ 1.2%Net Income
↑ 4.5%Free Cash Flow
↓ 98.7%Diluted EPS
↑ 5.8%Saudi Steel Pipe Co. (1320) analysis
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