The CMA is announces Saudi Steel Pipes Company Initial Public Offering of 16,000,000 shares representing (31.4%) of the company`s total outstanding shares. Portion of the offered shares will be allocated for mutual funds and authorized person. The company`s shares will be offered during the period from (4/7/1430)H to (10/7/1430)H, which corresponds to the period from (27/6/2009)G to (3/7/2009)G, once the book-building process is complete.

The company`s prospectus will be posted to the public prior to the subscription period by a sufficient time. The prospectus includes all relevant information that the investors need to know before making an investment decision, including the share price, company`s financial statements, activities and management.