Group Five Pipe Saudi Company Closed JSC (Saudi Arabia)

Group Five Pipe Saudi Company Closed JSC is a Saudi closed joint stock company located in Dammam, Kingdom of Saudi Arabia. It was initially registered on March 11, 2001, as a Limited Liability Company with a share capital of SR 30 million. The company is listed on the Nomu Parallel Market. On January 19, 2021, the shareholders of the company passed a resolution to convert its legal status from a limited liability company to a closed joint stock company. The Ministry of Commerce approved this conversion on February 1, 2021. The company's commercial registration number was changed to 2050104647 and 2050037927. In March 2021, the company submitted listing applications to the Capital Market Authority and the Saudi Stock Exchange. It received approval for listing from the Saudi Stock Exchange on May 26, 2021, and final approval from the CMA on September 29, 2021. The company became listed on November 29, 2021. As of December 31, 2022, and December 31, 2021, the authorized, issued, and paid-up share capital of the company comprised 28,000,000 shares of SR 10 per share. The main activity of the company is the production of spirally welded pipes. Its principal place of business is in the second industrial city, Dammam, Kingdom of Saudi Arabia.