Arabian Pipes signs SAR 115 mln supply contract

01/10/2023 Argaam

Arabian Pipes signs SAR 115 mln supply contract

Logo of Arabian Pipes Co.

Arabian Pipes Co. signed today, Oct. 1, a supply contract worth around SAR 115 million for supplying longitudinally welded pipes from its factory in Jubail to the branch of C.A.T. International Limited.

 

The financial impact of the contract, which runs for nine months, will appear on the company's results in the second quarter of 2024, according to a statement to Tadawul.

 

There are no related parties to the contract, the statement added.

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