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Arabian Pipes wins SAR 100m contract from Saudi Aramco

Arabian Pipes wins SAR 100m contract from Saudi Aramco
Photo Archive
APC
2200
-26.19% 4.79 -1.70
SAUDI ARAMCO
2222
8.07% 27.06 2.02

Riyadh – Mubasher: Arabian Pipes Company has been awarded a SAR 100 million contract to supply Saudi Arabian Oil Company (Aramco) with steel pipes.

The financial impact of the 10-month contract will be registered from the first quarter (Q1) of 2023 until the second quarter (Q2) of 2023, according to a bourse filing on Monday.

It is noteworthy to mention that on Sunday, 23 May 2022, Saudi Steel Pipe Company announced a SAR 97 million contract to supply Saudi Aramco with oil and gas steel pipes.