Arabian Pipes wins SAR 139 mln contract for Aramco pipe supply

22/07/2018 Argaam

 

Arabian Pipes Co. (APC) has won a SAR 139 million contract to supply state-owned Saudi Aramco with steel pipes for wells’ casing, the company said in a statement to Tadawul on Sunday.

 

The Saudi-listed firm will start supplying the pipes in Q1 2019 from its Riyadh factory. Relevant financial impact will be reflected during the first half of 2019.

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