East Pipes to buy SAR 33.6M material handling assets

East Pipes expects to finalize the transaction on March 31, 2026

East Pipes Integrated Co.’s board of directors approved the acquisition of strategic assets and material handling equipment for nearly SAR 33.6 million.

In a statement to Tadawul, the company said the investment aims to develop its logistics infrastructure, enhance material handling capacity, and rationalize operating costs.

The company added that contracts will be signed with one or more suppliers to provide the equipment, noting that the project will be financed through available cash, bank facilities, and other financing programs.

East Pipes expects to finalize the transaction on March 31, 2026, and the financial impact to reflect starting from the 2026-2027 fiscal year.