Saudi Pipes wins a contract from Aramco worth 97 million riyals

Today, Sunday, the Saudi Steel Pipe Company announced that it has won a contract to supply steel pipes for oil and gas to Saudi Aramco, worth an estimated 97 million riyals.

The company stated in a statement on “Saudi Tadawul” that the term of the contract extends to 10 months from now, explaining that there are no related parties in the contract.

The company expected that the financial impact of this contract will be reflected in the first and second quarters of fiscal year 2023.

And last week, “Saudi Pipes” announced that it has won contracts to supply steel pipes for oil and gas to Tenars Global Service. in Uruguay with an estimated value of 139 million riyals, and will provide purchase orders for the pipes within 4 months.

Last March, the company had won pipeline supply contracts in steel for oil and gas at Tenars Global Service in Uruguay with an estimated value of 88.5 million riyals.

And last February, Saudi Pipes signed a contract with Saudi Aramco worth around 80.6 million riyals.

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