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Arabian Pipes Co. Announces Project Sign Off to Saudi Aramco

Element ListExplanation
Date of announcement of the assignment 2018-10-11 Corresponding to 1440-02-02
Subject of contract Arabian Pipes Company awarded SR 35 million order for the supply of steel pipes to Saudi Aramco
Date of contract sign off 2018-10-11 Corresponding to 1440-02-02
Contract Value more than SR 35 million
Contract Details Arabian Pipes Company has been awarded on Thursday 11 October 2018 an order for supplying LSAW pipes for Saudi Aramco and order value more than SR 35 million. The supply of the pipes will start on the second quarter of year 2019 from APC factory in Jubail industrial city. And the financial impact will be from the second and third quarter of year 2019
Contract Duration 9 Months
The financial impact and period that this project will affect the financial impact will be from the second and third quarter of year 2019
Related Parties There is no

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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