Arabian Pipes secures SAR 160 mln steel pipe supply deal from Saudi Aramco

02/02/2020 Argaam

 

Arabian Pipes Company (APC) secured a SAR 160 million contract to supply longitudinal submerged arc welding (LSAW) steel pipes to Saudi Aramco, the company said in a bourse statement.

 

The financial impact of the 11-month contract will appear on APC’s results between Q3 and Q4 2020, the company added, noting that the supply will be from its factory in Jubail Industrial City.

 

No related parties are involved in the deal, it also stated.

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