East Pipes signs SAR 324 mln supply contract with SWCC

13/07/2022 Argaam

Logo of East Pipes Integrated Company for Industry

East Pipes Integrated Co. for Industry signed a contract worth SAR 324 million, including value-added tax (VAT), with the Saline Water Conversion Corporation (SWCC).

 

In a statement to Tadawul, East Pipes said the contract term is 210 days, covering the manufacturing and supply of steel pipes for water uses.

 

The financial impact is expected to materialize in 2022-2023, the statement noted, adding that there are no related parties.

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