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Saudi Steel Pipe inks SAR 139m contract with Aramco

Saudi Steel Pipe inks SAR 139m contract with Aramco
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Riyadh – Mubasher: Saudi Steel Pipe Company has signed a SAR 138.60 million agreement to supply oil and gas steel pipes to Saudi Arabian Oil Company (Aramco).

The contract was signed on 15 May 2024 for up to 12 months, according to a bourse filing.

Saudi Steel Pipe reported a 1,166% year-on-year (YoY) surge in net profit to SAR 76 million in the first quarter (Q1) of 2024 from SAR 6 million.