Arabian Pipes, Saudi Aramco sign SAR 107M contract

14/05/2024 Argaam
Logo ofArabian Pipes Co. (APC)

Logo of Arabian Pipes Co. (APC)

Arabian Pipes Co. signed today, May 14, a SAR 107 million contract to supply pipes from its factories to Saudi Arabian Oil Co. (Saudi Aramco).

 

The contract duration is 10 months, the company said in a statement to Tadawul, expecting the financial impact to appear during the first and second quarters of 2025.

 

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

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