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Arabian Pipes Co. Announces Project Sign Off to Saudi Aramco with total value exceeding SR 43 million to supply of steel pipes

Element ListExplanation
Introduction Arabian Pipes Company awarded SR 43 million order for the supply of steel pipes to Saudi Aramco
Date of announcement of the assignment 2019-06-27 Corresponding to 1440-10-24
Subject of contract Arabian Pipes Company awarded SR 43 million order for the supply of steel pipes to Saudi Aramco
Date of contract sign off 2019-06-27 Corresponding to 1440-10-24
Contract Value More than SR 43 million
Contract Details Arabian Pipes Company has been awarded on 27 June 2019 an order for supplying OCTG Steel pipes for Saudi Aramco and order value exceeding SR 43 million from Riyadh factory and the financial impact will be during 2nd quarter 2020.
Contract Duration 10 Months
The financial impact and period that this project will affect 2nd quarter 2020
Related Parties None

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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