Arabian Pipes wins SAR 27 mln supply contract from Saudi Aramco

13/06/2023 Argaam

Arabian Pipes wins SAR 27 mln supply contract from Saudi Aramco

Logo of Arabian Pipes Co.

Arabian Pipes Co. (APC) was awarded, on June 12, a supply contract worth around SAR 27 million by Saudi Aramco, according to a statement to Tadawul.

 

According to the contract, APC will supply steel pipes to Saudi Aramco over a period of seven months.

 

The pipe maker pointed out that the financial impact of the contract will show on Q1 2024 financial results.

 

There are no related parties to this deal, the statement added.

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