Group Five secures SAR 186 million contract to supply spiral-welded steel pipes to Aramco

Group Five Saudi Pipes Company announced the signing of a contract to manufacture and supply spiral-welded steel pipes for a project owned by Saudi Aramco. The contract is valued at SAR 186 million, including value-added tax, and has a duration of two months. In a statement on “Tadawul” today, the company said the financial impact of the contract will be reflected starting from the second quarter of the fiscal year 2025.