Logo of Group Five Pipe Saudi Co.
Group Five Pipe Saudi Co. signed a two-month contract with Saudi Arabian Oil Co. (Saudi Aramco) at a value exceeding SAR 30 million, including VAT.
The deal includes manufacturing and supplying spiral-welded steel pipes for one of the projects owned by Aramco, the pipe manufacturer said in a statement to Tadawul.
The financial impact is expected to reflect on the company’s results starting from Q3 2024, the statement noted, indicating there are no related parties to the deal.
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