Gulf International Pipe Industry (“GIPI” or the “Company”) announced that the Company went through the corporate restructuring process that involved Gulf International Pipe Industry Investment LLC, acquiring a total of 27,601,700 of the Company’s registered shares. The new shareholder structure reflects the improvement in operational capabilities of the Company and GIPI’s continued focus on advancing industry-leading technologies and the ongoing strong demand for GIPI’s products and services.
Sulaiman Al Farsi, President of GIPI, commented, “The restructuring further validates the progress we’ve made on our journey of refining our production facilities, technological capabilities, and business structure. At this point, we would like to express our deepest gratitude to our valued customers who supported us by showing continued trust in our products and services. Our focus on the people of Oman and sustainable growth will continue to guide us as we carry this energy forward.”
GIPI delivers innovative products and services to the energy and water sectors, encapsulating technological solutions that integrate proven industry standards while ensuring benefits for all our clients through responsible operations, sustainable performance, expertise of our people, and in country value that the company brings to the Sultanate of Oman.
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