Riyadh – Mubasher: Arabian Pipes Company has signed a contract worth SAR 305 million with Saudi Arabian Oil Company (Aramco) to supply the latter with steel pipes.

Arabian Pipes has been awarded and signed the deal on 9 November, according to a bourse filing on Wednesday.

The contract duration is 12 months from the date of signing the deal, while the financial impact of this transaction is expected to reflect on Arabian Pipes’ income statements during the period from the second quarter (Q2) of 2022 until Q2-23.