The Arabian Pipes Company signed a supply contract for Aramco with an estimated value of 60 million riyals. The duration of the contract is 12 months, and the Arabian Pipes Company expected that the financial impact of the contract would be reflected in the second quarter of the fiscal year 2023.
In the same context, Saudi Pipes signed a contract to supply steel pipelines for oil and gas to Aramco, with an estimated value of 58 million riyals.
The duration of the contract is 12 months, and the company expected that the financial impact of the contract would be reflected in the last quarter of the current fiscal year and the first quarter of the next fiscal year 2023.
