Riyadh – Mubasher: Arabian Pipes Company (APC) announced contracts sign off with the Saudi Arabian Oil Company (Saudi Aramco) to supply steel pipes.

Contracts are worth a total value of around SAR 160 million with a duration of 11 months, according to the company’s statement to the Saudi Stock Exchange (Tadawul) on Sunday.

APC will supply Saudi Aramco with longitudinal submerged arc-welding (LSAW) steel pipes, manufactured in its factory in Jubail industrial city.

The pipe manufacturer expects the financial impact of the deal to show in its results for the third and the fourth quarters of 2020.