Arabian Pipes wins SAR 72 mln Aramco contract

20/12/2016 Argaam

Arabian Pipes Co. (APC) on Tuesday won a SAR 72 million contract to supply Saudi Aramco with steel casing pipes, the company said in a statement to the Saudi bourse, Tadawul.

The financial impact of the contract, which will begin in the second quarter of 2017, will be reflected in the financials for the third quarter.

APC has won eight Aramco contracts with a total value of SAR 678 million this year, according to Argaam reports.


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