East Pipes signs SAR 57M worth contracts with Al-Rashid Trading

East Pipes Integrated Company for Industry  signed, on May 29, several contracts worth more than SAR 57 million, including value-added tax (VAT) with Al-Rashid Trading and Contracting Co. for manufacturing and supplying of steel pipes.

 

The contract duration is four months, the company said in a statement to Tadawul.

 

The financial impact of the deals will be reflected in Q2 and Q3 of fiscal year 2024/2025.

 

There are no related parties to the contracts, the statement noted.

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