East Pipes Integrated Company for Industry
TTADAWUL:1321163.70
SAR
-9.60
(-5.54%)
East Pipes Integrated Company for Industry
TADAWUL:1321
(Saudi Exchange)
Recent
price
163.70
P/E
ratio
11.44
div
yld
3.67%
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- East Pipes Integrated Company for Industry engages in the manufacturing and marketing of welded and coated steel pipes, specializing in Helical Submerged Arc Welded (HSAW) pipes, Double Jointing (DJ) services, and advanced anti-corrosion coating solutions. The company produces spiral steel pipes in a wide range of diameters and lengths, serving the oil, gas, and water sectors. It operates one of the largest spiral pipe manufacturing facilities in the Eastern Province of Saudi Arabia, with an annual production capacity of up to 500,000 tons of pipes and a coating plant capable of handling 4.5 million square meters per year. The pipes comply with industry standards including API, EN, ASTM, and ISO, capable of producing X80 Grade pipes with lengths up to 18 meters, extendable to 26 meters through the Double Jointing process. Founded in 2010, East Pipes is headquartered in Dammam Second Industrial City, Saudi Arabia. In the past 1-2 years, East Pipes has undertaken significant strategic operational expansions and contract signings. Notably, it established a new production line for Helical Submerged Arc Welded (HSAW) pipes at its Dammam facility in early 2025. The company secured major contracts including a SAR 1.8 billion manufacturing and supply deal with Saudi Aramco and additional multi-contract agreements with key infrastructure players like Saline Water Conversion Corporation (SWCC) and Maramer Contracting Company. East Pipes also recently issued a SAR 173.2 million purchase order to a related party, reflecting ongoing capital investments and supplier collaborations. Its strategy emphasizes supporting Saudi Arabia's Vision 2030 projects by expanding production capacities, enhancing innovation, and reinforcing its market presence in oil, gas, water, and infrastructure sectors. The company continuously focuses on sustainable growth, operational excellence, and strengthening its long-term strategic partnerships across the Kingdom and regional markets. East Pipes operates within the industrial materials sector primarily targeting energy, water, and infrastructure markets in Saudi Arabia and the broader Gulf region. Its integrated manufacturing capabilities encompass pipe fabrication, double jointing, and protective coating services providing comprehensive one-stop solutions for pipeline infrastructure. The company’s robust product portfolio and enhanced operational capacity position it as a critical supplier supporting mega-projects aligned with national development plans. It maintains modern manufacturing equipment coupled with advanced testing laboratories to ensure high-quality and specification-compliant pipe products. This description reflects East Pipes Integrated Company for Industry's current business activities, main products and services, and recent strategic developments up to late 2025.