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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