Riyadh – Mubasher: Saudi Steel Pipe Company was awarded on Tuesday a contract worth over SAR 245 million ($65.3 million) by Saudi Arabian Oil Company (Saudi Aramco) for the supply of steel pipes, according to a bourse statement.
The production will start in the fourth quarter of this year.
The financial impact of the deal will appear in the first, second, and third halves of 2017.
