| Element List | Explanation |
|---|---|
| Introduction | East Pipes Integrated Company for Industry announces the signing off contracts with different entities to establish a new production line for Helical Submerged Arc Welded (HSAW) pipes in company’s factory in Dammam 2nd Industrial City. |
| Project Start Date | February 2025 |
| Project Cost | The cost of the project is approximately 48 million riyals. |
| Financing method for the project | The project will be funded from the company’s available cash, bank facilities, and other financing programs. |
| Expected completion date of the project | Fourth quarter of the fiscal year 2025 -2026. |
| Expected Financial Impact of the Project on the Company’s Results | The project is expected to impact the company’s results in financial years 2025-2026 and 2026 – 2027. |
| The Start of the Expected Impact of the Project on the Company’s Results | First quarter of the fiscal year 2026 -2027 |
| Expected Date for the Pilot Production of the Project to Begin | Fourth quarter of the fiscal year 2025 -2026 |
| Duration of the pilot production of the project | One Month |
| Expected date for the commercial production of the project | First quarter of the fiscal year 2026 -2027 |
| Executing Party/Counter Party in the Project/Contract | Several entities and consultants to supply machinery and equipment’s. |
| Related Parties | There are no related parties. |
| Additional Information | This project reflects company’s commitment to driving the Kingdom’s growth, aligned with its position as a leader in pipes manufacturing sector.
The new line will add an approximate 100,000 Metric Tons to the existing nominal capacity 400,000 Metric Tons. |
