Arabian Pipes Company, Saudi Arabia announced in a statement that it has awarded supply of steel pipes contract from Saudi Aramco.
The value of the contract is SAR 322 million.
The contract duration is 10 months from the date of signing the deal, while the financial impact of this transaction is expected to reflect on Arabian Pipes’ income statements during the period from the second quarter (Q4) of 2023 until Q2-24, statement mentioned.
Another Contract of SAR 43 million received from China Geo-Engineering Corporation (Saudi) Branch. The duration of the Contract is 7 months.
