---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-000660"
form_type: "8-K"
ticker: "PPIH"
cik: "0000914122"
company_name: "Perma-Pipe International Holdings, Inc."
filed_at: "2023-01-06T23:59:59+00:00"
generated_at: "2026-06-20T19:11:19.891055+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "medium"
source: SEC EDGAR
---

# Perma-Pipe forms 60/40 JV with Gulf Insulation Group in Saudi Arabia

## Summary
- JV will provide pre-insulated piping, fabrication, epoxy coating, and leak detection for customers in Saudi Arabia, Kuwait, and Bahrain.
- Perma-Pipe holds 60% controlling interest; Gulf Insulation Group (Zamil Industrial) holds 40%.
- JV will operate from existing plants in Dammam and Riyadh, targeting Saudi Vision 2030 infrastructure projects.
- Formation is subject to approval from the Kingdom of Saudi Arabia General Authority for Competition.

## SEC filing metadata
- accession: 0001437749-23-000660
- form_type: 8-K
- ticker: PPIH
- cik: 0000914122
- company_name: Perma-Pipe International Holdings, Inc.
- filed_at: 2023-01-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: medium
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/914122/000143774923000660/0001437749-23-000660-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/914122/000143774923000660/ppih20221221_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-000660
- JSON: https://secwatch.observer/filing/0001437749-23-000660.json
- Plain text: https://secwatch.observer/filing/0001437749-23-000660.txt

## Key facts
- Material Agreements
  Perma-Pipe International Holdings, Inc. entered into a collaboration with Gulf Insulation Group.
  - Action: entry
  - Agreement: collaboration
  - Counterparty: Gulf Insulation Group
  source text: Perma-Pipe International Holdings, Inc. has entered into a joint venture with Gulf Insulation Group in the Kingdom of Saudi Arabia to provide pre-insulated piping systems, piping fabrication, internal and external fusion bonded epoxy coating services and leak detection systems for customers in the Kingdom of Saudi Arabia, Kuwait and Bahrain.
  evidence_url: https://www.sec.gov/Archives/edgar/data/914122/000143774923000660/0001437749-23-000660-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.