East Pipes Integrated Company for Industry Announces an update on East Pipes Integrated Company for Industry announces Contract Sign Off with Saudi Arabian Oil Co. (Aramco)
| Element List | Explanation |
|---|---|
| Introduction | East Pipes Integrated Company for Industry announces the stop and cancel of Contract Signed with Saudi Arabian Oil Co. (Aramco) which worth 153 million Saudi Riyals, as this comes at the request of Saudi Arabian Oil Company (Aramco). |
| Previous Announcement | East Pipes Integrated Company for Industry announces Contract Sign Off with Saudi Arabian Oil Co. (Aramco) |
| Date of Previous Announcement on Saudi Exchange’s Website | 2023-11-30 Corresponding to 1445-05-16 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Cancellation of the contract as requested by the Saudi Arabian Oil Company (Aramco) |
| Reasons For The Delay on The Date of The Event Previously Announced | None |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | There are no costs related to the event. |
| Delay consequences on the Company’s financial results | None |
| Additional Information | The company agreed to stop and cancel the contract because there is no financial impact that would affect the company’s performance for the following reasons:
1. The contract was not included in the company’s production schedules during the current fiscal year. 2. According to the company's plans, the raw materials related to the contract have not been purchased yet. 3. The cancellation does not affect the operating plans during the period scheduled for implementation. |
| Attached Documents |  |
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