Arabian Pipes Co (2200)

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News

27 May 2025 03:00 AM Arabian Pipes rolls out SAR 104m contract with Aramco

Riyadh – Mubasher: Arabian Pipes Company penned a SAR 104 million deal with Saudi Arabian Oil Company (Aramco) on 26 May 2025, according to a bourse statement.The nine-month agreement covers the manufacturing and supply of steel pipes to Saudi Aramco

Companies Investments

14 April 2025 09:40 AM Arabian Pipes seals SAR 107m supply deal

Riyadh – Mubasher: Arabian Pipes Company inked a SAR 107 million contract with Br. C.A.T. International L.L.C. on 13 April, according to a bourse disclosure. The nine-month agreement covers the manufacturing and supply of steel pipes for the third …

Companies Investments

2 July 2024 03:27 PM Arabian Pipes wins SAR 293m supply deal

Riyadh – Mubasher: Arabian Pipes Company was awarded a new order to supply steel pipes to Denys Arabia Limited for Jafurah Pipelines Phase II at around of SAR 293 million. The two entities signed the agreement on 1 July 2024, according to a bourse …

Companies Investments

23 May 2024 04:37 PM Saudi Arabia’s CMA nods for Arabian Pipes’ capital hike

Riyadh – Mubasher: The Capital Market Authority (CMA) has approved Arabian Pipes Company’s request to increase its capital from SAR 100 million to SAR 150 million. The capital increase will be carried out through the issuance of a bonus share for …

General Assembly

5 March 2024 10:55 AM Arabian Pipes swings to profitability in 2023

Riyadh – Mubasher: Arabian Pipes Company shifted to profitability in 2023, recording a net profit of SAR 132.11 million, compared to a net loss of SAR 10.49 million a year earlier. Revenues surged 124.76% year-on-year (YoY) to SAR 1.07 billion …

Financial Results

5 February 2024 03:20 PM Arabian Pipes awarded SAR 108m contract from Aramco

Riyadh – Mubasher: Arabian Pipes Company secured a new order from Saudi Arabian Oil Company (Aramco) at a value of nearly SAR 108 million on 4 February 2024. Under the deal, the company will provide Aramco with steel pipes for 11 months, according …

Companies Investments

6 November 2023 03:24 PM Arabian Pipes shifts to nearly SAR 91.5m net profits in 9M-23

Riyadh – Mubasher: Arabian Pipes Company swung to net profits amounting to SAR 91.40 million in the first nine months (9M) of 2023, compared to a net loss of SAR 7.50 million in the same period of 2022. The company’s revenues surged by 153.19% …

Financial Results

2 October 2023 03:16 PM Arabian Pipes secures SAR 115m contract award

Riyadh – Mubasher: Arabian Pipes Company and Br. C.A.T. International Company Limited inked an agreement valued at SAR 115 million on 1 October 2023. The listed company will supply Br. C.A.T. International’s factory in Jubail with steel pipes for …

Companies Investments

20 September 2023 03:38 PM Arabian Pipes, Aramco pen SAR 54m supply deal

Riyadh – Mubasher: Arabian Pipes Company was awarded a contract to supply Saudi Arabian Oil Company (Aramco) with steel pipes valued at SAR 54 million. The two entities signed the 10-month agreement on 19 September 2023, according to a bourse …

Companies Investments

14 September 2023 11:21 AM Arabian Pipes rolls out SAR 204m deal with Aramco

Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) awarded Arabian Pipes Company a SAR 204 million supply deal on 13 September 2023, according to a bourse filing. Under the agreement, Arabian Pipes will provide Aramco with steel pipes and …

Companies Investments

20 August 2023 07:10 PM Arabian Pipes turns profitable in Q2, H1-23

Riyadh – Mubasher: Arabian Pipes Company has achieved net profits after Zakat and tax of SAR 46.60 million in the first half (H1) of 2023, against net losses of SAR 17.40 million in the year-ago period. The revenues skyrocketed by 271.90% …

Financial Results

2 July 2023 05:54 PM Arabian Pipes signs SAR 322m contract with Aramco

Riyadh – Mubasher: Arabian Pipes Company has been awarded new orders totalling around SAR 322 million to provide Saudi Arabian Oil Company (Aramco) with steel pipes. Arabian Pipes won and signed the contract on 26 June 2023, yet it carries a …

Companies Investments

2 July 2023 03:24 PM Arabian Pipes wins supply order for China Geo-Engineering KSA branch

Riyadh – Mubasher: Arabian Pipes Company was awarded a new deal at total value of nearly SAR 43 million, under which the listed firm will provide China Geo-Engineering Corporation (Saudi) branch with steel pipes. The supply order holds a …

Companies Investments

14 June 2023 00:55 PM Arabian Pipes unveils SAR 27m agreement with Aramco

Riyadh – Mubasher: Arabian Pipes Company inked a nearly SAR 27 million contract with Saudi Arabian Oil Company (Aramco) on 12 June. Arabian Pipes will supply Aramco with steel pipes from its factories for seven months, according to a bourse …

Companies Investments

2 March 2023 04:14 PM Arabian Pipes wins SAR 62m supply deal from Saudi Aramco

Riyadh – Mubasher: Arabian Pipes Company signed an agreement with Saudi Arabian Oil Company (Aramco) on 1 March 2023 at an estimated value of SAR 62 million, according to a bourse filing. Under the 11-month contract, Arabian Pipes will provide …

Companies Investments

4 October 2022 05:00 PM Arabian Pipes signs SAR 450m supply deal

Riyadh – Mubasher: Arabian Pipes Company inked a contract worth nearly SAR 450 million with McDermott Arabia Company Limited (MACL) on 3 October 2022. Under the 12-month agreement, the Saudi listed firm will supply MACL with steel pipes, according …

Companies Investments

25 September 2022 09:46 AM Arabian Pipes awarded SAR 155m contract from Aramco

Riyadh – Mubasher: Arabian Pipes Company has been awarded on 21 September 2022 a contract worth around SAR 155 million to supply the Saudi Arabian Oil Company (Aramco) with steel pipes.  The financial impact of the 15-month contract will reflect …

Companies Investments

17 July 2022 00:43 PM Arabian Pipes’ board recommends SAR 150m capital raise

Riyadh – Mubasher: The board of Arabian Pipes Company has recommended to increase the company’s capital through a SAR 150 million rights issue. The proposal aims to support the company’s working capital and strengthen its financial position, …

Board of Directors

23 May 2022 00:03 PM Arabian Pipes wins SAR 100m contract from Saudi Aramco

Riyadh – Mubasher: Arabian Pipes Company has been awarded a SAR 100 million contract to supply Saudi Arabian Oil Company (Aramco) with steel pipes. The financial impact of the 10-month contract will be registered from the first quarter (Q1) of …

Companies Investments

20 March 2022 06:06 PM CMA approves Arabian Pipes’ SAR 300m capital raise

Riyadh – Mubasher: The Capital Market Authority (CMA) has approved Arabian Pipes Company’s request to increase its capital through a SAR 300 million rights issue. The CMA issued its approval after the company fulfilled all the conditions and …

Management Decisions

21 February 2022 05:39 PM Arabian Pipes' board approves SAR 40m accumulated losses reduction

Riyadh – Mubasher: The board of Arabian Pipes Company decided to decrease its accumulated losses of SAR 39.9 million, representing 39.9% of the capital. The reduction of the accumulated losses aims to lower its balance to reach nearly 0% of the …

Management Decisions

26 January 2022 11:07 AM Aramco awards Arabian Pipes SAR 268m contract

Riyadh – Mubasher: Arabian Pipes Company has been awarded a SAR 268 million contract to supply steel pipes to Saudi Arabian Oil Company (Aramco). The financial impact of the 13-month contract will be registered from the third quarter (Q3) of 2022 …

Companies Investments

14 November 2021 00:15 PM Arabian Pipes signs SAR 66m deal with Aramco

Riyadh – Mubasher: Arabian Pipes Company has been awarded a contract standing at SAR 66 million to provide Saudi Arabian Oil Company (Aramco) with steel pipes, according to a bourse disclosure on Sunday. The contract duration is 14 months starting …

Companies Investments

10 November 2021 06:24 PM Arabian Pipes registers net losses in Q3, nine months

Riyadh – Mubasher: Arabian Pipes Company suffered net losses after Zakat and tax worth SAR 16.8 million during the third quarter (Q3) of 2021, increasing by 380% year-on-year (YoY) from SAR 3.5 million. Revenues plunged by 42% YoY to SAR 92.6 …

Financial Results