East Pipes seals SAR 153M supply contract with Aramco

30/11/2023 Argaam

East Pipes seals SAR 153M supply contract with Aramco

Logo of East Pipes Integrated Company for Industry

East Pipes Integrated Company for Industry signed today, Nov. 30, a supply contract valued at more than SAR 153 million (VAT inclusive) with Saudi Arabian Oil Co. (Saudi Aramco), according to a statement to Tadawul.

 

East Pipes will manufacture and supply steel pipes to Aramco over eight months.

 

The pipe manufacturer expects the related financial impact to show in the first and second quarters of fiscal year 2024/2025, the statement added.

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