Riyadh – Mubasher: Arabian Pipes Company announced that it has won a contract from the Saudi oil giant Aramco at a value of SAR 173 million ($46.13 million) to supply OCTG casing and tubing pipes.

The supplying will start in the second quarter of 2018 from Riyadh factory, according to a bourse filing on Thursday.

The Saudi Arabia-based company said that the profit will be reflected in the financial statements of the first two quarters of 2018.