Saudi Steel Pipe wins SAR 38 mln Aramco contracts

18/10/2016 Argaam

Saudi Steel Pipe Co. won on Tuesday three contracts to provide Saudi Aramco with SAR 38 million worth of different types of steel pipes, the company said in a statement to Tadawul.

 

Financial impact of the deal will show in the first half of 2017.

 

The company will manufacture the pipes in that period in its factories in the industrial city in Dammam. Raw materials will be locally secured from SABIC, it added.

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