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Arabian Pipes wins SAR 229 million supply contract from Aramco

2019-02-05 15:47:49 GMT (Economies.com)
 

Arabian Pipes Co. (APC) announced that it has been awarded a contract worth above SAR 229 million for supplying longitudinal submerged arc-welded pipes to Saudi Aramco.

 

The supply of pipes will commence from the third quarter of 2019 from APC factory in Jubail Industrial City, the company said in a bourse filing.

 

The financial impact of the contract will be witnessed from Q3-19 up to Q1-20, it further added.

 

APC announced in December it was awarded a contract worth over SAR 49 million to supply Saudi Aramco with steel pipes.

 

APC earlier won a supply contract worth SAR 35 million from Saudi Aramco.

 
 
 
  Symbol Last Change Chg.%
1.2056
0.0030
0.2478%
1.3865
-0.0088
0.6275%
Tadawul
10127.90
18.31
0.18%
26.080
0.288
1.119%
61.550
-1.628
2.577%
65.66
0.26
0.40%
1785.190
13.740
0.776%
 
 
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