Future Pipe Industries

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Future Pipe Industries
Industry Manufacturing
Founded1984
Headquarters Dubai, United Arab Emirates
Key people
Fouad Makhzoumi (CEO) (Chairman)
Products Pipes
Number of employees
3,290 [1]

Future Pipe Industries is a Dubai-headquartered fiberglass pipe system design and manufacturing company active in the oil and gas, water, and industrial sectors. [2]

FPI was founded in Dubai in 1984, has 12 factories worldwide, and employs 3,300 people. [3]

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. [4]

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. [5]

Fouad Makhzoumi is the executive chairman, CEO and owner; his wife, May Makhzoumi, is the vice-chairman. [6]

References

  1. ↑ "Future Pipe Industries Company Profile". datanyze.com.
  2. ↑ "Future Pipe Industries (L.L.C.): Private Company Information". Bloomberg. Retrieved 23 March 2017.
  3. ↑ "FPI at a Glance | FPI | Future Pipe Industries". Futurepipe.com. Retrieved 23 March 2017.
  4. ↑ "Future Pipe plans $550m Dubai IPO | Global Water Intelligence Magazine: Global Water Intelligence". Globalwaterintel.com. Retrieved 23 March 2017.
  5. ↑ "Fortune in the tube". Executive Magazine. 2 November 2012. Retrieved 23 March 2017.
  6. ↑ "Board of Directors". Futurepipe.com. Retrieved 1 March 2024.
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