Arabian Pipes Co. Signs Contract with Saudi Aramco for SR66 mln

Arabian Pipes Company announced on Sunday awarded SR66 million for the supply of steel pipes to Saudi Aramco.

“Arabian Pipes Company has been awarded on 11 November 2021 order for supplying pipes for Saudi Aramco with total value around SR 66 million from the company’s factories.”

The company indicated that the duration of the contract is 14 months, and that the financial impact is expected to appear in the third quarter of 2022 until the fourth quarter of 2023.