# Saudi Pipes intends to acquire additional 35% stake in Al Alamiah Pipe Company

Saudi Steel Pipe Company (Saudi Pipes) intends to acquire an additional 35% ownership stake in Al Alamiah Pipe Company for up to $9.9 million, which would bring its total ownership to 70%.

- Type: Acquisition
- Announced: 2022-12-08
- Where: Saudi Arabia
- Value: $9.90M
- Status: announced
- Products: steel pipes
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Saudi Steel Pipe Company](https://endata.com/companies/15865.md) (acquirer)
- [Al Alamiah Pipe Company](https://endata.com/companies/67200.md) (target)
- [EW Holding GmbH & Co KG](https://endata.com/companies/67201.md) (partner)

## Sources

- [aisusteel.org](https://aisusteel.org/en/archives/15014), 2022-12-08: "The Saudi Steel Pipe Company, 'Saudi Pipes', intends to acquire an additional 35% ownership stake in Al Alamiah Pipes at $9.9 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.