East Pipes signs over SAR 170M supply contract with Aramco

06/12/2023 Argaam

East Pipes signs over SAR 170M supply contract with Aramco

Logo of East Pipes Integrated Company for Industry

East Pipes Integrated Company for Industry signed today, Dec. 6, a supply contract valued at more than SAR 170 million (VAT inclusive) with Saudi Arabian Oil Co. (Saudi Aramco), according to a statement to Tadawul. 

 

 East Pipes will coat steel pipes owned by Aramco for a period extending over 20 months. 

 

The pipe manufacturer expects the related financial impact to show in the first quarter of fiscal year (FY) 2024/2025 through the second quarter of FY 2025/2026, the statement added, noting there are no related parties to the deal. 

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