Riyadh - Mubasher: Arabian Pipes Company was awarded a contract worth SAR 135 million to supply OCTG steel pipes to Saudi Aramco.
The supply of the pipes will start in the third quarter of 2017 from the company’s factory in Riyadh, according to a bourse filing.
The Saudi-listed firm said that the financial impact will appear in the third and fourth quarters of the year.
In December, the company was awarded a SAR 72 million contract to supply Saudi Aramco with casing pipes.
Arabian Pipes ended Sunday shedding 0.78% to stand at SAR 16.55.
