East Pipes signs SAR 57M contracts with BINYAH, RTCC

25/12/2024 Argaam
Logo ofEast Pipes Integrated Company for Industry

Logo of East Pipes Integrated Company for Industry

East Pipes Integrated Company for Industry signed multiple contracts on Dec. 24 with Saudi Real Estate Infrastructure Co. (BINYAH) and Al-Rashid Trading & Contracting Co. (RTCC), valued at over SAR 57 million, inclusive of value-added tax (VAT).

 

The seven-month agreements cover the manufacturing and supply of steel pipes along with outer packaging, according to a statement to Tadawul.

 

For more news on listed companies

 

The financial impact of these contracts is expected to be reflected in the first and second quarters of the fiscal year 2025/2026, the statement added.

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