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East Pipes Integrated, SWCC ink SAR 497m contract

East Pipes Integrated, SWCC ink SAR 497m contract
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Riyadh – Mubasher: East Pipes Integrated Company for Industry has signed a contract with Saline Water Conversion Corporation (SWCC) at an estimated value of SAR 497 million.

Under the 365-day contract, the Saudi listed company will supply steel pipes for water uses, according to a bourse filing on Tuesday.

The financial impact is expected to be registered in the fiscal year 2022-2023.

It is worth noting that in February, East Pipes Integrated started the listing and trading of its shares on the Saudi Exchange’s (Tadawul) Main Market.