Saudi Steel Pipe hits highest level since debut

11/09/2023 Argaam Special
Logo ofSaudi Steel Pipe Co. (SSP)

Logo of Saudi Steel Pipe Co. (SSP)


Shares of Saudi Steel Pipe Co. (SSP), listed under the materials sector, hit an all-time high at SAR 42.95 today, Sept. 11, on the Saudi Exchange (Tadawul).

 

The stock closed at SAR 39.50, rising 1% - not the highest closing price since it began trading - with around 5.1 million shares traded.

 

SSP shares have gained around 120% since the beginning of the year.

 

Established in 1980, SSP was listed on Tadawul in 2009, with a capital of SAR 510 million.  No changes to the capital has been made so far.

 

SSP manufactures and supplies rigid and electrically welded steel pipes for the energy, industrial, and construction segments of the Middle East and North Africa.

 

SSP Stock Performance*

Annual High (SAR)

42.95

Today, Sept. 11, 2023

Annual Low (SAR)

17.30

Dec. 12, 2022

Historical High (SAR)

42.95

Today, Sept. 11, 2023

Historical Low (SAR)

12.05

Oct.3, 2016

Highest Trading Volume (mln shares)

26.62

August, 4,  2009, (on debut)

 

 The following table shows the most important financial indicators of the company:

 

Key Financial Indicators

Earnings Per Share (last 12 months) (SAR)

2.33

Operating P/E (last 12 months) (x)

22.83

Book Value (SAR)

12.58

P/B Ratio (x)

3.14

Nominal value (SAR)

10.00

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