McDermott awards SAR450m Steel Pipes Supply Contract

Arabian Pipes Co. Saudi Arabia announced in a statement that, it won a project to supply steel pipes to McDermott Arabia Company Limited (MACL).

The value of the contract is approzimately SAR 450 million.

In a statement to Tadawul, Arabian Pipes said the contract duration is 12 months, and the financial impact is expected to reflect on Q3 2023.