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 68.10 -0.70 (-1.02%)
SABIC 58.00 -0.35 (-0.60%)
SABICAGRINUTRIENTS 148.50 -1.50 (-1.00%)
YANSAB 33.62 -0.42 (-1.24%)
LUBEREF 109.50 0.00 (0.00%)
Lesha Bank Group records 20% jump in Q1 net profit to QR48.6mn

23/04/2026

Lesha Bank Group has reported a net profit of QR48.6mn in the first three months of 2026, up 20% a year-on-year (y-o-y), reflecting the bank's resilient performance despite prevailing regional headwi

Gulf Times

Dukhan Bank named 'World's Best Islamic Private Bank' at Global Finance Awards 2026

23/04/2026

Dukhan Bank has been named 'World's Best Islamic Private Bank' by Global Finance magazine as part of its World's Best Islamic Financial Institutions 2026 awards, marking the third consecutive year th

Gulf Times

Gulf Bank launches second phase of Islamic banking training program

23/04/2026

As part of its preparations to transition into a Shariah-compliant bank, the Training & Talent Development team at Gulf Bank has launched the second phase of its employee training program on Islamic

Kuwait Times

ZainTECH a Leader in IDC MarketScape: Gulf Countries AI Professional Services

23/04/2026

ZainTECH, the integrated digital solutions provider of Zain Group, has been recognized in the Leaders Category of the IDC MarketScape: Gulf Countries AI Professional Services 2025 Vendor Assessment,

Kuwait Times

Daman Investments, Allianz Global Investors sign MoU

23/04/2026

Daman Investments (PSC), a leading asset manager in the UAE, has signed a memorandum of understanding (MoU) with Allianz Global Investors ("AllianzGI"), one of the world's leading active asset manage

Khaleej Times