Group Five Saudi Pipes, one of the leading companies in the pipe manufacturing sector in the Kingdom, announced the decisions of its new Board of Directors, whereby Mr. Tariq bin Mohammed Al-Qahtani was appointed Chairman of the Board, and Mr. Salah bin Mohammed Al-Qahtani was appointed as his deputy and managing director.
This decision followed a board meeting held in accordance with the results of the Ordinary General Assembly held on January 28. The Assembly saw the election of board members for a new four-year term, from February 11, 2026, to February 10, 2030, reflecting shareholders' confidence in the new leadership and its ability to achieve sustainable growth for the company.
General context and the company's importance in the Saudi economy
Founded in 2000, Group Five quickly became a key player in the Saudi and Gulf infrastructure sector. The company specializes in producing spiral-welded steel pipes, a crucial component in vital projects such as water transmission networks, oil and gas pipelines, and energy projects. Thanks to the quality of its products and its high production capacity, the company has contributed to the implementation of numerous major strategic projects that support the goals of Saudi Vision 2030, which aims to diversify the economy and develop infrastructure.
Expected impact of the new leadership
The appointment of the new leadership comes at a crucial time, as the Kingdom witnesses a surge in mega-projects such as NEOM, the Red Sea Project, and Qiddiya, all of which demand advanced solutions in piping and infrastructure. With their extensive experience in the industrial sector, the new leadership is expected to play a pivotal role in guiding the company's strategy to capitalize on these significant opportunities. The focus will be on enhancing operational efficiency, expanding market share both domestically and regionally, and adopting cutting-edge technologies in manufacturing processes to ensure the company maintains its market leadership.
Other regulatory decisions
According to the official statement published on the Saudi Stock Exchange (Tadawul) website, the Board's decisions also included the formation of an Audit Committee comprising Mohammed Al-Harbi, Salah Al-Hazami, and Salman Al-Shathri. Ms. Fatima Yousef was appointed as Secretary of the Board. Furthermore, the Board approved the appointment of the company's representatives to the Capital Market Authority and Tadawul to ensure full compliance with applicable regulations and bylaws.
