Arabian Pipes wins SAR 173 mln contract from Saudi Aramco

30/11/2017 Argaam

 

Arabian Pipes Co. (APC), a manufacturer of welded steel pipes, has been awarded a SAR 173 million contract to supply oil and gas steel pipes to Saudi Arabian Oil Co. (Saudi Aramco), the company said in a bourse statement.

 

APC will start supplying the pipes in the second quarter of 2018 from its Riyadh factory. Financial impact will be reflected on Q2 and Q3 2018 earnings, the statement said.

 

The company is currently one of the largest manufacturers and suppliers of medium-range high frequency welded (HFW) steel pipes in Saudi Arabia and the Middle East.

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