Future Pipe Industries
Future Pipe Industries is a Dubai-headquartered fiberglass pipe system design and manufacturing company active in the oil and gas, water, and industrial sectors.[1]
FPI was founded in Dubai in 1984, has 12 factories worldwide, and employs 3,300 people.[2]
In 2008, FPI planned to float 35% of the company on the Dubai stock exchange, DIFX for about US$550 million, valuing the company at $1.2 to 1.6 billion. This float failed to occur at that time.[3]
In 2012, it was reported that around 2000, the annual turnover was about $100 million, but had grown to $1 billion, and that FPI accounts for 80% of the Makhzoumi family-owned Future Group, which might be floated in 3-5 years at a possible valuation of $4-5 billion.[4]
Fouad Makhzoumi is the executive chairman and owner, his wife, May Makhzoumi, is the president, and the CEO is Maged Basta.[5]
References
- ^ "Future Pipe Industries (L.L.C.): Private Company Information". Bloomberg. Retrieved 23 March 2017.
- ^ "FPI at a Glance | FPI | Future Pipe Industries". Futurepipe.com. Retrieved 23 March 2017.
- ^ "Future Pipe plans $550m Dubai IPO | Global Water Intelligence Magazine: Global Water Intelligence". Globalwaterintel.com. Retrieved 23 March 2017.
- ^ "Fortune in the tube". Executive Magazine. 2 November 2012. Retrieved 23 March 2017.
- ^ "FPI Board of Directors | FPI | Future Pipe Industries". Futurepipe.com. Retrieved 23 March 2017.
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