Logo of Saudi Steel Pipe Co. (SSP)
Saudi Steel Pipe Co. (SSP) said in a bourse filing it was awarded today, May 16, a SAR 139 million contract from Uruguay’s Tenaris Global Services (TGS).
Under the contract, SSP will supply oil, gas, and steel pipes to TGS for a period of four months.
The relevant financial impact will likely appear on the financial results of Q3, Q4 2022.
TGS is a related party, the statement added.
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