East Pipes signs SAR 490 mln supply contract with SWCC

30/05/2022 Argaam

Logo of East Pipes 


East Pipes Integrated Company for Industry signed a contract worth SAR 490 million, including value-added tax (VAT), with the Saline Water Conversion Corporation (SWCC).

In a statement to Tadawul, East Pipes said the contract term is 365 days, and it includes the manufacture and supply of steel pipes for water uses.

The financial impact is expected in 2022-2023, the statement noted, adding that there are no related parties.


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