Arabian Pipes seals SAR 155 mln contract with Saudi Aramco

25/09/2022 Argaam

Logo of Arabian Pipes Co.

Arabian Pipes Co. (APC) signed, on Sept. 21, a contract valued at SAR 155 million with Saudi Aramco to supply steel pipes over 15 months, the company announced in a bourse statement.

 

The contract was also awarded on Sept. 21.

 

The relevant financial impact will appear in the second and third quarters of 2023.

 

There are no related parties to the deal, the pipe manufacturer added.

 

APC currently has projects valued at over SAR 800 million, which will help the company continue its operations during the coming period. It will also support the company's financial position and improve sales during the coming period.

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