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Saudi Steel Pipe Co. Announcess SAUDI STEEL PIPE COMPANY AFFILIATE GLOBAL PIPE COMPANY WAS AWARDED SAR 60 MILLION CONTRACT OF 30 INCHES OCTG PIPES FROM SAUDI ARAMCO COMPANY

SSP 1320 1.91% 53.30 1.00

Element List Explanation
Announcement Detail Global Pipe Company, an affiliate of Saudi Steel Pipe Company has been awarded a contract of worth SAR 60 million of 30 inches OCTG pipes to supply to Saudi Aramco Company.

The contract was signed on Thursday 18/10/2018, and the production will start in the second quarter of 2019 and it is expected to have a positive impact on the company’s financials on the second half of 2019.

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