Saudi Steel Pipe, Aramco sign SAR 301.9 mln contract

Saudi Steel Pipe Co. (SSP) announced today, Aug. 8, that it signed a contract to supply oil and gas steel pipes to Saudi Aramco, with an estimated value of SAR 301.9 million.

SSP stated in a statement on Tadawul that the contract period is up to 12 months.

The contract is projected to show its positive financial impact in the first and second quarters of 2024.

There are no related parties, the statement noted.

Source : Argaam