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Open
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Close
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Arabian Pipes wins SAR 49 million contract from Saudi Aramco

2018-12-12 02:01:12 GMT (Economies.com)
 

Arabian Pipes Co. (APC) announced it was awarded a contract worth over SAR 49 million to supply Saudi Aramco with steel pipes, according to the company’s statement to Tadawul.

 The company said it will start supplying the pipes in Q2-19 from its APC factory in Riyadh industrial city.

 The relevant financial impact will show in the second quarter of 2019, the pipe manufacturer said, adding that the deal’s duration is six months from the signing date.

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

 
 
 
  Symbol Last Change Chg.%
1.2049
0.0023
0.1946%
1.3886
-0.0067
0.4827%
Tadawul
10127.90
18.31
0.18%
26.065
0.274
1.060%
62.017
-1.161
1.838%
65.79
0.39
0.60%
1783.635
12.185
0.688%
 
 
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