Logo of Group Five Pipe Saudi Co.
Group Five Pipe Saudi Co. signed a contract with Saudi Arabian Oil Co. (Saudi Aramco) at a value that exceeds SAR 34 million (VAT inclusive).
The deal includes manufacture and supply of spiral-welded steel pipes tailored for one of the projects owned by Saudi Aramco in the Eastern Region, the company said in a statement to Tadawul.
Signed on Jan. 2, the contract has a term of two months, with financial impact expected to materialize starting from Q3 2024, the statement added.
No related parties are included in the deal, the company indicated.
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