Riyadh – Mubasher: Arabian Pipes Company signed an agreement with Saudi Arabian Oil Company (Aramco) on 1 March 2023 at an estimated value of SAR 62 million, according to a bourse filing.
Under the 11-month contract, Arabian Pipes will provide Aramco with steel pipes from its factories.
The partnership will reflect on Arabian Pipes’ income statements during the fourth quarter (Q4) of 2023 and Q1-24.
Last September, the two entities teamed up for a supply deal worth around SAR 155 million.
