Arabian Pipes wins SAR 49 mln contract from Saudi Aramco

11/12/2018 Argaam

 

Arabian Pipes Co. (APC) has won a contract worth over SAR 49 million to supply state-owned Saudi Aramco with OCTG steel pipes, the company said in a statement

to Tadawul on Tuesday.

 

The Saudi-listed firm will start supplying the pipes in Q2 2019 from its APC factory in Riyadh industrial city.

 

The relevant financial impact will show in the second quarter of 2019, the pipe manufacturer added.

 

No related parties are involved in the deal.

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