East Pipes Integrated Company for Industry, Saudi Arabia announced in a statement that it has awarded a new Contract from Saudi Aramco.
The value of the contract is over SAR 1.8 billion (USD480 million).
As per the contract, the Company will Supplying steel pipes to Aramco The duration of the contract is 12 months.
The financial impact of this contract is expected to appear in the third and fourth quarters of the current FY 2023/24 and Q1 2024/25, statement mentioned.
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