Saudi Steel Pipe wins SAR 52.4 mln supply deal to Uruguay’s Tenaris

28/11/2021 Argaam

Logo of Saudi Steel Pipe

Saudi Steel Pipe Co. won orders worth SAR 52.4 million to supply steel oil and gas pipes to Tenaris Global Services SA in Uruguay, the company said in a bourse filing. 

  

The three-month contracts were signed on Nov. 24, 2021.  

 

The company expects the financial impact from the contracts to materialize in the first quarter of 2022.  

 

Tenaris Global Services SA Uruguay is a related party.  

 

The contracts reflect the company’s commitment to enhancing its exports in line with Vision 2030.  

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