Riyadh – Mubasher: Arabian Pipes Company has been awarded a contract standing at SAR 66 million to provide Saudi Arabian Oil Company (Aramco) with steel pipes, according to a bourse disclosure on Sunday.

The contract duration is 14 months starting from the date of signing the deal on 11 November 2021.

Arabian Pipes noted that the financial impact of the awarded contract will reflect on the income statements of the firm during the period from the third quarter (Q3) of 2022 until Q4-23.

Last week, Arabian Pipes announced that it was awarded a deal worth SAR 305 million to supply steel pipes to Aramco.