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Aramco awards Arabian Pipes SAR 268m contract

Aramco awards Arabian Pipes SAR 268m contract
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APC
2200
-2.65% 5.14 -0.14
SAUDI ARAMCO
2222
-0.23% 25.60 -0.06

Riyadh – Mubasher: Arabian Pipes Company has been awarded a SAR 268 million contract to supply steel pipes to Saudi Arabian Oil Company (Aramco).

The financial impact of the 13-month contract will be registered from the third quarter (Q3) of 2022 to the first quarter (Q1) of 2023, according to a bourse filing on Wednesday.

It is noteworthy to mention that in November 2021, Arabian Pipes won a SAR 66 million contract to provide Aramco with steel pipes.