Group Five signs contract to manufacture and supply steel pipes with Saudi Aramco worth SAR 34 mln

Group Five Pipe Saudi Co. Announced on Wednesday that is signed a contract with Saudi Aramco worth more than SAR 34 million for Manufacture and supply spiral-welded steel pipes.

The Company said that the contract duration is 2 months, the contract included the Manufacture and supply spiral-welded steel pipes tailored for one of the projects owned by Saudi Aramco in the Eastern region of the Kingdom of Saudi Arabia.

Group Five expects that the financial impact will be reflected starting from the third quarter of the fiscal year 2024.