Arabian Pipes awarded SAR 38 mln supply contract by Saudi Aramco

23/05/2023 Argaam
Logo ofArabian Pipes Co.

Logo of Arabian Pipes Co.

Arabian Pipes Co. was awarded, on May 22, a supply contract worth around SAR 38 million from Saudi Aramco Co., according to a statement to Tadawul.

 

As per the contract, Arabian Pipes will supply steel pipes to Saudi Aramco over a period of seven months.

 

The steel pipe maker pointed out that the financial impact of the contract will reflect on Q4 2023 financial results.

 

There are no related parties to this deal, the statement added.

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