Arabian Pipes wins SAR 450 mln supply contract from McDermott Arabia

04/10/2022 Argaam
Logo of Arabian Pipes Co.

Logo of Arabian Pipes Co.

Arabian Pipes Co. announced on Oct. 3 that it won a project to supply pipes to McDermott Arabia Company Limited, at an estimated value of SAR 450 million.

 

In a statement to Tadawul, Arabian Pipes said the contract duration is 12 months, and the financial impact is expected to reflect on Q3 2023.

 

There are no related parties, it added.

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