Photo Archive
GROUP FIVE
9523
128.50%
45.70
25.70
9523
SAUDI ARAMCO
2222
-4.95%
27.85
-1.45
2222
Riyadh – Mubasher: Group Five Pipe Saudi Company and Saudi Arabian Oil Company (Aramco) signed a contract at a value of more than SAR 30 million on 1 February 2024.
Group Five Pipe Saudi will manufacture and supply spiral-welded steel pipes tailored for one of the projects owned by Aramco, according to a bourse filing.
The two-month agreement will reflect on Group Five Pipe Saudi’s financial results during the third quarter (Q3) of 2024.
Last January, the two companies penned an agreement at a value exceeding SAR 34 million.
Source:
Mubasher