Group Five signs SAR 1.3B contract with Saudi Aramco

02/06/2024 Argaam

Group Five Pipe Saudi Co. signed, on May 30, a contract worth SAR 1.3 billion (VAT inclusive) with Saudi Aramco for manufacturing and supplying spiral-welded steel pipes, according to a statement to Tadawul.

 

Under the 12-month contract, the company will manufacture and supply tailored spiral-welded steel pipes for one of Aramco’s projects.

 

The related financial impact will be reflected from Q3 2025, the statement added.

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