Arabian Pipes wins SAR 135 mln contract from Saudi Aramco

12/03/2017 Argaam

Arabian Pipes Co. (APC), a manufacturer of welded steel pipes, has been awarded a SAR 135 million contract to supply oil country tubular goods (OCTG) pipes to Saudi Aramco, the company said in a bourse statement.

 

APC will start supplying the pipes in the third quarter of this year from its Riyadh factory. Financial impact will be reflected on Q3 and Q4 2017 earnings, the statement said.

 

The company is currently one of the largest manufacturers and suppliers of medium range High Frequency Welded (HFW) steel pipes in Saudi Arabia and the Middle East.

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