Write a one-page report on the economy of the Saudi steel pipe company (1320.SR)

Corona pandemic hit the world in such a way that the world economy shrinks to its minimum. Similarly the Saudi steel pipe company has been badly affected by the corona pandemic. Since the operations of the company with other contries are badly affected therefore the growth of the company has slowed down.

The degree of risk has also increased as there was risk related to lower growth with credit risk and risk associated with the lack of loans avialable in the market and lack of liquidity avialable in the market for profitability of the company has slowed down and future trajectory of growth also has slowed down for the company.

This can be attributed to higher uncertainity which is associated with impending recession in the global market and steel market as well as the metal factor has been performing poorly due to higher cost and lack of recovery.