Arabian Pipes awarded SAR 204 mln supply contract by Aramco

Arabian Pipes Co. was awarded today, Sept. 13, a new order worth around SAR 204 million by Saudi Aramco for the supply of steel pipes and coating services, the company said in a statement to Tadawul.

The contract term is 16 months, said the company, adding that the related financial impact will be reflected on its results starting from Q1 2024 to Q2 2025. 

Arabian Pipes also noted that there are no related parties to the deal. 

Source : Arqaam