Arabian Pipes wins SAR 41 mln deal from Saudi Aramco

24/02/2019 Argaam

 

Arabian Pipes Co. won today a SAR 41 million contract to supply longitudinal submerged arc-welded (LSAW) pipes to Saudi Aramco, the firm said in a statement to Tadawul.

 

Under the six-month contract, the company will supply the pipes from APC factory in Jubail Industrial City starting from the third quarter of 2019, it said.

 

The deal has no related parties, and its financial impact is expected to show on Q3 results, the firm added.

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