Saudi Steel Pipe’s affiliate inks SAR 150 mln export contract

09/11/2017 Argaam

 

Saudi Steel Pipe Co.’s 35 percent owned affiliate, Global Pipe Co., has inked a SAR 150 million contract on Wednesday to export steel pipes to Turkmengas Co., the Saudi listed firm said in a bourse statement.

 

Production will begin in Q1 2018 while the financial impact of the deal will be reflected starting from Q2 2018, the statement added.

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