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.