East Pipes signs SAR 93 mln supply contract with Saudi Aramco

01/06/2023 Argaam

East Pipes signs SAR 93 mln supply contract with Saudi Aramco

Logo of East Pipes Integrated Company

East Pipes Integrated Company for Industry signed, on May 31, a contract with Saudi Aramco at a total value of SAR 93 million (inclusive of value-added tax).

 

In a statement to Tadawul, the company said the contract is for manufacturing and supplying steel pipes. 

 

The contract is valid for eight months. The financial impact is expected to appear in the third and fourth quarters of FY 2023/24 and Q1 2024/25. 

 

There are no related parties to the deal, the company added.

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