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Group Five pens SAR 186M deal with Aramco
30/05/2024
Argaam
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Logo of Group Five Pipe Saudi Co.
Group Five Pipe Saudi Co. signed a contract with Saudi Aramco to supply the latter with spiral-welded steel pipes for SAR 186 million (VAT inclusive), according to a Tadawul filing today, May 30.
Under the two-month contract, the company will manufacture and supply spiral-welded steel pipes tailored for one of Saudi Aramco’s projects.
The related financial impact will be reflected in Group Five’s financial results starting from Q2 2025, it noted.
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