Operating two factories in Riyadh and Jubail, Arabian Pipes Company produces high-quality welded steel pipes for major clients including Saudi Aramco, having delivered over two million tons of pipes. The company was recognized as the first pipe manufacturer to receive the IKTVA award for 'Highest in Localized Goods and Services' in 2016 by Saudi Aramco.
Cyborg Score Rationale
The company maintains solid operating metrics with EBITDA of 200.68M SAR and an EBITDA margin of 24.21%. However, the stock has declined significantly from its all-time high of 32.29 SAR in 2006 to current levels around 4.62 SAR, indicating structural headwinds or market cyclicality challenges.
Top Insights
First pipe manufacturer to receive Saudi Aramco's IKTVA award for localized goods and services, directly supporting Saudi Arabia's Vision 2030 objectives
High stock volatility (2.38%) with beta coefficient of 1.85 indicates sensitivity to broader market movements
Current market cap is 938M SAR with an annual dividend yield of 3.16%
Total annual production capacity of approximately 160,000 tons (Riyadh) plus 300 tons (Jubail)
Named Competitors
Welded Steel Pipes — Regional competitor in steel pipe manufacturing