Saudi Arabian Pipes Company, a pipe manufacturer, has announced the signing of a contract with Saudi Aramco, a Saudi oil company, for the production and supply of steel pipes.
According to a notification from Arabian Pipes sent to the Saudi Stock Exchange, the contract value is about 48 million Saudi riyals (12.83 million US dollars) and will last for eight months.
The company said the financial implications of the contract are expected to be reflected in the fourth quarter of 2026 and the first quarter of 2027.
This is the second contract this year between Arabian Pipes and Aramco, following the 147 million Saudi riyals contract signed in March. , as previously reported by SteelOrbis.
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