Saudi Steel Pipe wins SAR 75.7 mln supply contract with Saudi Aramco

02/03/2023 Argaam

Saudi Steel Pipe wins SAR 75.7 mln supply contract with Saudi Aramco

Logo of Saudi Steel Pipe Co. (SSP)

Saudi Steel Pipe Co. (SSP) won a SAR 75.7 million contract with Saudi Aramco, entailing the supply of oil and gas steel pipes to the latter.

 

In a statement to Tadawul, SSP said the deal is valid for up to 12 months as of today, March 2.

 

The relevant financial impact is expected to materialize in Q4 2023 and Q1 2024, the statement added, noting there are no related parties.

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