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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.
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