Arabian Pipes signs SAR 100 mln contract with Saudi Aramco

23/05/2022 Argaam

Logo of Arabian Pipes Co.

Arabian Pipes Co. signed, on May 22, a contract worth SAR 100 million with Saudi Aramco to supply steel pipes over 10 months, the company announced in a bourse statement.

 

The contract was also awarded on May 22. 

The relevant financial impact will appear in the first and second quarters of 2023.

 

There are no related parties to the deal, the pipe manufacturer added. 

  

This is the second contract landed by Arabian Pipes from Saudi Aramco this year. It was awarded a SAR 268 million deal in January, according to data available with Argaam.     

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