Group Five Pipe Saudi Co. is a Saudi closed joint stock company that was originally registered on March 11, 2001, under the commercial registration number 2050037927 as a Limited Liability Company, with a share capital of SR 30 million. On January 19, 2021, the company's shareholders decided to change the company's legal status from a limited liability company to a closed joint stock company. The Ministry of Commerce approved this conversion on February 1, 2021, and the company's commercial registration numbers were updated to 2050104647 and 2050037927 to reflect the change.
The principal activity of the company is the production of spirally welded pipes. G5PS operates five (5) production lines with an impressive annual capacity of 500,000 metric tons of pipe production. The company is managed by professional and highly competent personnel in the industry. G5PS aims to foster a community of excellence through strategic leadership, innovation, technological upgrades, capacity enhancement, human resource development, supply chain management, and high-quality service. The company aims to be the best manufacturer of large-diameter steel welded line pipes in the Middle East, conforming to various international standards. G5PS also provides solutions for logistics and coating applications. G5PS prioritizes quality service, keeping clients updated and on track during project execution. Timely completion of projects is a must. G5PS leverages advanced and modern resources to gain an edge in the global market. Quality is the driving force for sustainability and global competitiveness. And with increasing demands for water, oil, and gas transmission pipes globally, G5PS's products are a top choice. G5PS has 19 years of experience in providing major projects in the Middle East, particularly in Saudi Arabia.
The Company submitted listing applications to Capital Market Authority (CMA) and Saudi Stock Exchange in March 2021.The Company received approval for listing from Saudi Stock exchange on 26th May 2021, final approval from CMA was provided on 29th September 2021 and the Company became listed on Nomu Parallel market on 29th November 2021.
| Shareholder | Holding (%) |
|---|---|
| Al-Qahtani Pipe Coating Industries Co. (Closed Joint Stock Co.) | 36 |
| Abdullah A. A. Al Qahtani | 10.8 |
| Tareq A. A. Al Qahtani | 9 |
| Salah A. A. Al Qahtani | 8.027 |
| Haifaa S. H. Al Saqeer | 5.4 |
Last Price53.5 |
Change3.45 |
Open50 |
Day High55 |
52 - Week High55 (16/04/2026) |
Last Update4/16/2026 5:15:00 PM |
Volume101,599 |
Previous Close50.05 |
Day Low50 |
52 - Week Low24.84 (18/06/2025) |
11/03/2001
280,000,000.00
10.00
28,000.00
0
Ernst & Young
investor.relations@g5ps.com
www.g5ps.com
2nd Industrial City, Dammam
+966 138123110
+966 138123122
Group Five Pipe Saudi Company has announced that it has secured a SAR176 million ($47 million) supply contract from Esnad Al Turuq Contracting Company for a major project at Ras Al Khair in Riyadh. As per the deal, Group Five Pipe will be responsible for.....
Read MoreGroup Five Pipe Saudi Company has inked significant contracts worth SAR4.48 billion ($1.2 billion) with two major Saudi entities-Aramco and the Saline Water Conversion Corporation (SWCC)-to supply spiral-welded steel pipes for key projects, reports Trade.....
Read More| Meeting Type | Date | Time | Site | Location | Detail |
|---|---|---|---|---|---|
| Annual General Meeting | 26/06/2024 | 12:00 | Via modern technology means | Location | Click Here |
| 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | |
|---|---|---|---|---|
Revenues
|
976,564 | 455,308 | 230,540 | 641,099 |
|
Cost of revenue (IS)
|
869,364 | 397,903 | 228,362 | 579,790 |
|
Gross Profit
|
107,201 | 57,405 | 2,179 | 61,309 |
|
Selling and distribution expenses
|
2,819 | 1,784 | 2,062 | 1,663 |
|
General and administrative expenses (IS)
|
18,211 | 12,371 | 12,489 | 8,432 |
|
Provision for impairment of due from related parties
|
- | -589 | 2,397 | -4,500 |
|
Impairment loss on trade receivables (IS)
|
445 | 2,262 | 2,009 | -7,420 |
|
Other Income
|
1,644 | 535 | - | 15,701 |
|
Operating Profit
|
87,371 | 40,933 | -11,984 | 69,835 |
|
Finance Income
|
13,506 | 19,269 | 21,681 | - |
|
Finance cost
|
60,015 | 48,852 | 33,900 | 32,457 |
|
Pre Zakat Profit
|
40,862 | 11,350 | -24,203 | 37,378 |
|
Zakat
|
2,341 | 1,976 | 175 | 2,263 |
|
Net Profit
|
38,521 | 9,374 | -24,378 | 35,115 |
|
Total Dividends
|
14,000 | - | - | - |
|
BASIC EPS
|
1.38 | 0.33 | -0.86 | 1.25 |
|
Diluted EPS
|
1.38 | 0.33 | -0.86 | 1.25 |
| 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | |||
|---|---|---|---|---|---|---|
| Assets | ||||||
| Current Assets | ||||||
|
Inventories
|
274,914 | 302,939 | 341,178 | 173,007 | ||
|
Account Receivable
|
484,101 | 184,851 | 182,219 | 360,770 | ||
|
Due from related parties (CA)
|
96,353 | 179,838 | 227,311 | 246,084 | ||
|
Prepayments and other receivables
|
36,762 | 11,372 | 9,307 | 11,772 | ||
|
Restricted bank balance (CA)
|
70,002 | 28,081 | 87,238 | - | ||
|
Cash
|
225,083 | 13,281 | 7,976 | 62,979 | ||
|
Current Assets
|
1,187,214 | 720,363 | 855,228 | 854,612 | ||
| Non-current Assets | ||||||
|
Fixed Assets (Property, Plant, Equipment etc), net
|
509,181 | 526,972 | 544,901 | 563,343 | ||
|
Right of use assets (NCA)
|
8,628 | 8,097 | 8,706 | 9,566 | ||
|
Due from related parties (non-current)
|
10,000 | 25,000 | - | - | ||
|
Total Non-current Assets
|
527,809 | 560,069 | 553,607 | 572,909 | ||
|
Total Assets
|
1,715,024 | 1,280,432 | 1,408,835 | 1,427,521 | ||
| Liabilities & Shareholders' Equity | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
|
Accounts Payable
|
61,266 | 73,855 | 173,547 | 64,777 | ||
|
Accrued Expenses
|
80,381 | 81,674 | 59,688 | 49,970 | ||
|
Contract liabilities
|
227,159 | - | - | - | ||
|
Term Loan - Current maturities
|
77,171 | 95,206 | 82,940 | 69,340 | ||
|
Lease liabilities
|
1,860 | 859 | 760 | 760 | ||
|
Short term borrowings
|
834,620 | 596,847 | 591,692 | 650,113 | ||
|
Due to related parties
|
8,169 | 2,750 | 4,568 | 4,415 | ||
|
Provision for Zakat & Income Tax
|
1,983 | 402 | 1,038 | 2,147 | ||
|
Current Liabilities
|
1,292,609 | 851,594 | 914,233 | 841,521 | ||
| Non-current Liabilities | ||||||
|
Term Loan
|
33,170 | 79,277 | 154,747 | 222,487 | ||
|
Long term lease liability
|
7,879 | 8,635 | 9,132 | 9,852 | ||
|
Contract liabilities - non current
|
- | - | - | - | ||
|
Employees' end of Service Benefits
|
19,700 | 16,851 | 17,449 | 19,188 | ||
|
Total Liabilities
|
1,353,358 | 956,357 | 1,095,561 | 1,093,048 | ||
| Shareholders' equity | ||||||
|
Capital
|
280,000 | 280,000 | 280,000 | 280,000 | ||
|
Statutory Reserves
|
15,725 | 11,873 | 11,873 | 11,873 | ||
|
Retained Earnings
|
65,941 | 32,202 | 21,401 | 42,601 | ||
|
Owners Equity
|
361,666 | 324,075 | 313,274 | 334,473 | ||
|
Total Liabilities & Shareholders Equity
|
1,715,024 | 1,280,432 | 1,408,835 | 1,427,521 | ||
|
Working Capital
|
-105,395 | -131,231 | -59,005 | 13,091 | ||
| 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | |||
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
|
Net Income for the year
|
38,521 | 9,374 | -24,378 | 35,115 | ||
| Adjustments to reconcile net income to net cash from activities | ||||||
|
Depreciation of Property, Plant and Equipment
|
20,729 | 20,694 | 20,533 | 20,394 | ||
|
Depreciation on right of use assets (Adj)
|
1,043 | 881 | 860 | 1,046 | ||
|
Provisions and end of service benefits
|
3,132 | 2,390 | 2,942 | 2,997 | ||
|
Finance Cost
|
59,434 | 48,264 | 33,326 | - | ||
|
Finance Income
|
-13,506 | -19,269 | -21,681 | - | ||
|
Finance costs over lease liabilities (Adj)
|
581 | 588 | 574 | 628 | ||
|
Impairment loss on amount due from related parties
|
- | 589 | -2,397 | 4,500 | ||
|
Provision for impairment of trade receivables
|
445 | 2,262 | 2,009 | -7,420 | ||
|
Gain/Loss on Sale of Fixed Asset - Property, Plant & Equipment
|
- | -24 | - | - | ||
|
Provision for zakat
|
2,341 | 1,976 | 175 | 2,263 | ||
|
Finished goods write-down to net realizable value (Adj)
|
- | - | - | 1,856 | ||
|
Interest and commission receipts
|
- | - | - | 30,415 | ||
|
Provision for doubtful debts written off
|
- | - | - | -1,995 | ||
|
Provision for slow moving and obsolete inventory
|
- | - | - | - | ||
|
Provision for doubtful debts
|
- | - | - | - | ||
|
Total Adjustments
|
112,720 | 67,724 | 11,963 | 89,799 | ||
| Changes in operating assets and liabilities: | ||||||
|
Inventories
|
28,025 | 38,238 | -168,171 | 136,244 | ||
|
Prepayments and other current assets
|
-25,390 | -2,065 | 2,465 | 28,662 | ||
|
Due from related parties
|
- | -261 | -1,339 | -1,026 | ||
|
Accounts receivable
|
-299,694 | -4,895 | 176,542 | -108,545 | ||
|
Changes in restricted deposit
|
-41,921 | - | - | - | ||
|
Accounts payable
|
-12,588 | -99,692 | 108,770 | -88,724 | ||
|
Due to related parties
|
5,419 | -1,817 | 153 | 2,780 | ||
|
Contract liabilities
|
187,168 | - | - | - | ||
|
Accrued expenses
|
46,898 | 13,786 | -4,005 | -15,616 | ||
|
Cash generated from operations
|
638 | 11,018 | 126,379 | 43,573 | ||
|
Interest expense paid
|
-55,869 | -40,063 | -19,603 | -31,987 | ||
|
Employees end of service benefits paid
|
-1,213 | -1,561 | -1,501 | -1,363 | ||
|
Zakat paid
|
-760 | -2,612 | -1,285 | -2,221 | ||
|
Cash Flow From Operating Activities
|
-57,205 | -33,219 | 103,990 | 8,002 | ||
| Investing Activities | ||||||
|
Purchase of Fixed Assets - property, Plant & equipment (CFI)
|
-2,938 | -2,765 | -2,092 | -8,195 | ||
|
Proceeds from sales of Fixed Assets - Property, Plant & Equipment (CFI)
|
- | 24 | - | - | ||
|
Due from related parties (CFI)
|
92,721 | 41,414 | 44,190 | - | ||
|
Interest Received
|
19,269 | - | - | - | ||
|
From Investing Activities
|
109,052 | 38,673 | 42,099 | -8,195 | ||
| Financing Activities | ||||||
|
Repayment of the Term loan
|
-65,212 | -63,204 | -54,453 | -61,583 | ||
|
Proceeds from short term bank borrowing
|
287,157 | 572,287 | 101,182 | 1,334,948 | ||
|
Repayment of short term bank borrowing
|
-60,660 | -565,578 | -159,355 | -1,231,772 | ||
|
Principal portion of lease payments
|
-1,330 | -669 | -720 | -1,391 | ||
|
Interest expense of lease liabities
|
- | -588 | -574 | - | ||
|
Change in restricted cash
|
- | 59,156 | -87,238 | - | ||
|
From Financing Activities
|
159,954 | 1,404 | -201,158 | 40,202 | ||
|
Increase (Decrease) in Cash
|
211,802 | 6,858 | -55,069 | 40,009 | ||
|
Cash and cash equivalents at beginning of the year
|
13,281 | 6,324 | 61,393 | 21,384 | ||
|
Bank overdraft
|
- | - | - | - | ||
|
Cash and cash equivalents at end of the year
|
225,083 | 13,182 | 6,324 | 61,393 | ||
| Board Report 2023 | Board Report 2022 | Board Report 2021 |