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Steel Pipe’s unit wins SAR292 mln supply contract for Aramco

Steel Pipe’s unit wins SAR292 mln supply contract for Aramco
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Saudi Steel Pipe Company announced that Global Pipes Company, an affiliate, has won on Sunday a contract worth more than SAR 292 million to manufacture and supply 32 inch Pipes for Saudi Aramco.
These pipes will be used to transport gas and liquefied natural gas.
This contract is the first direct endorsement of Saudi Aramco to Saudi Steel Pipe Company's affiliate.
The financial impact of this contract will be reflected during the fourth quarter of 2014 and the first half of 2015
The financial impact on Saudi Steel Pipe Company's results will be reflected during the same periods.