Arabian Pipes wins SAR 35 mln contract from Saudi Aramco

11/10/2018 Argaam

 

Arabian Pipes Co. (APC) on Thursday won a nine-month contract worth nearly SAR 35 million to supply state-owned Saudi Aramco with steel longitudinal-submerged arc-welded (LSAW) pipes, the company said in a statement to Tadawul.

 

The Saudi-listed firm will start supplying the pipes in Q2 2019 from its Jubail factory.

 

The relevant financial impact will show in the second and third quarters of 2019, the pipe manufacturer added.

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