Saudi Steel Pipes bags SAR 80.6 mln contract from Saudi Aramco

14/02/2022 Argaam
Logo of Saudi Steel Pipe

Logo of Saudi Steel Pipe

Saudi Steel Pipe Co. was awarded a SAR 80.6 million worth of contract to provide oil and gas steel pipes to Saudi Arabian Oil Co. (Saudi Aramco), according to a bourse filing.

 

The contract will extend for up to 18 months, and the relevant financial impact is forecast to appear on H2 2022-H1 2023, the statement added.

 

The deal included no related parties.

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