Saudi Steel Pipe wins SAR 88.5 mln contract from Tenaris Global in Uruguay

02/03/2022 Argaam
Logo ofSaudi Steel Pipes Co.

Logo of Saudi Steel Pipes Co. 

Saudi Steel Pipe Co. (SSP) won contracts to supply steel pipes for oil and gas to Tenaris Global Services in Uruguay, at an estimated value of SAR 88.5 million, according to a bourse statement.

 

The contract term extends over three months and Tenaris Global Services (Uruguay) is a related party.

 

The company expects the financial impact of the contracts to reflect in Q2 2022.

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