Saudi Steel Pipe inks SAR 50.2 mln supply contract with Aramco

21/05/2023 Argaam

Saudi Steel Pipe inks SAR 50.2 mln supply contract with Aramco

Logo of Saudi Steel Pipe Co.

Saudi Steel Pipe Co. signed today, May 21, a SAR 50.2 million agreement for the supply of oil and gas steel pipes to Saudi Aramco, according to a statement to Tadawul.

 

The contract term is five months, said the company, adding that the related financial impact will be reflected on financial statements for Q3 2023.

 

There are no related parties, it noted.

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