East Pipes inks supply contract worth above SAR 440 mln with Aramco

09/11/2023 Argaam

East Pipes inks supply contract worth above SAR 440 mln with Aramco

Logo of East Pipes Integrated Company for Industry

East Pipes Integrated Company for Industry signed today, Nov. 9, a supply contract worth more than SAR 440 million (VAT inclusive) with Saudi Arabian Oil Co. (Saudi Aramco), according to a statement to Tadawul.

 

Under the contract, the company will manufacture and supply steel pipes to Aramco over a period of 13 months.

 

East Pipes expects the related financial impact to reflect on its financial statements for Q3 and Q3 2024/2025. There are no related parties.

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