Arabian Pipes signs SAR 322 mln contract with Saudi Aramco

02/07/2023 Argaam

Arabian Pipes signs SAR 322 mln contract with Saudi Aramco

Logo of Arabian Pipes Co.

Arabian Pipes Co. won, on June 26, a contract worth nearly SAR 322 million with Saudi Aramco to supply steel pipes over 10 months, the company announced in a filing to Tadawul.

 

The 10-month contract was also signed on June 26. 

 

The relevant financial impact will appear starting from Q4 2023 until Q2 2024.

 

There are no related parties to the deal, the pipe manufacturer added.

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