Arabian Pipes secures SAR 174 mln contract to supply steel pipes to Saudi Aramco

17/12/2019 Argaam

 

Arabian Pipes Company (APC) secured a SAR 174 million contract to supply steel pipes to Saudi Aramco, the company said in a bourse statement.

 

The financial impact of the 18-months contract will appear on APC’s results between Q4 2020 and Q3 2021, the company added, noting that the supply will be from its factory in Riyadh.

 

No related parties are involved in the deal, it also stated.

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