A subsidiary of SSP wins a contract with Aramco worth 910 million riyals

Saudi Steel Pipes Company announced that its subsidiary, whose financial results are consolidated (Global Pipes), has won a contract to supply longitudinally submerged arc welded (LSAW) pipes with a total value estimated at approximately 910 million riyals for Saudi Aramco’s carbon capture and storage project in Jubail.

The company said in a statement today on “Tadawul” that the financial impact of the contract is expected to be partially reflected in the second half of fiscal year 2025 and partially in the first half of fiscal year 2026.