Arabian Pipes says coronavirus measures weighed on operations

16/04/2020 Argaam

 

Arabian Pipes Co. (APC) said the Kingdom's precautionary measures to curb the COVID-19 outbreak weighed on its operations especially production and shipping, the company said in a bourse statement.

 

However, it is difficult to determine the relevant financial impact at present, the statement added.

 

APC said it is fully committed to the Kingdom's measures as regards staff security, in addition to the other administrative and financial procedures to mitigate the impact of the coronavirus economic crisis.

APC seeks to benefit from the government's support packages provided to the private sector.

 

Any updates will be announced in due course, the statement added.

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