Arabian Pipes Co. (APC) has been awarded a SAR 78 million contract to supply casing and line steel pipes to Saudi Arabian Oil Co. (Saudi Aramco), the company said in a statement to Tadawul on Wednesday.
APC will start supplying the pipes in Q1-2017 from its Riyadh factory.
The company added that it expects the relevant financial impact to show in the first and second quarters of 2017.
APC is a manufacturer and supplier of medium range high frequency welded (HFW) steel pipes in Saudi Arabia and the Middle East.
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