09/12/2025 01:40 AST

Saudi-based East Pipes Integrated Company for Industry has announced that it has secured a contract worth SAR485 million ($129 million) from the Saudi Water Authority for the manufacture and supply of steel pipes.

Founded in 2010 at Dammam in the kingdom's Eastern Province, East Pipes has today become a major manufacturer of spiral steel pipes. It presently offers helical submerged arc welded (HSAW) pipes, used in transport, water, oil and gas and other sectors, to customers worldwide.

The entire contract work will be completed within a six-month period, stated East Pipes in its filing to the Saudi bourse Tadawul.

East Pipes said the financial impact of the contract will be reflected in the Q4 of financial year 2025/2026 and Q1 of financial year 2026/2027.

This comes close on the heels of its SAR40 million contract win from Abdullah Ibrahim Alsayegh & Sons in June. As part of the deal, it will be responsible for manufacture and supply of steel pipes and external coating.


Trade Arabia

Ticker Price Volume
EASTPIPES Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
MAADEN 63.50 -1.30 (-2.01%)
SABIC 54.00 -0.20 (-0.37%)
SABICAGRINUTRIENTS 129.60 1.20 (0.93%)
LUBEREF 120.50 3.50 (2.99%)
YANSAB 30.00 0.50 (1.69%)
Al Ansari Financial Services reaches 1,000 UAE national employees milestone

22/06/2026

Al Ansari Financial Services (AAFS), a leading financial institution in the GCC, has reached a milestone of 1,000 UAE national employees across its businesses, reflecting one of the largest Emiratisa

Trade Arabia

Bank Nizwa backs landmark Oman India Fertiliser Company share sale

22/06/2026

Leading Omani bank Nizwa has joined the initial public offering (IPO) of Oman India Fertiliser Company (Omifco) as a collecting bank, expanding its involvement in the sultante's capital markets follo

Trade Arabia

Knowledge Economic City gets funding for Islamic World District project

19/06/2026

Knowledge Economic City has announced that it has secured a SAR150 million ($40 million) shariah-compliant financing facility from Saudi-based Riyad Bank to fund construction work on the first phase

Trade Arabia

e& plans world's first commercial U6GHz network in UAE

19/06/2026

e& UAE today announced it has awarded a contract to a strategic infrastructure partner to roll out the world's first commercial mobile network using Upper 6GHz (U6GHz) 256TRX Giga-MIMO technology. <

Trade Arabia

GWC launches air-to-land logistics corridor

19/06/2026

Gulf Warehousing Company (GWC) has announced that it has for the first time extended its end-to-end supply chain to include a fully operational air-to-land logistics corridor powered by the TIR syste

Gulf Times