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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
6.32% 6.90 0.41
SAUDI ARAMCO
2222
11.42% 27.90 2.86

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.