Arabian Pipes awarded order to supply pipes for Aramco with the value of SR155 mln

Arabian Pipes Company announced on Sunday the awarded order of around SR 155 mln to supply steel pipes to Saudi Aramco. The contract value is around SR 155 mln.
The company said in a statement to Tadawul that it expects the financial impact to be reflected in the second and third quarters of the fiscal year 2023.
Arabian Pipes Company also announced that the company currently has several projects with a total value of more than SR 800 mln, which will support the company’s continuity during the coming period, Also, will support the company’s financial position, and improve the company’s sales during the coming period.