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Arabian pipes company awarded SR 73 million project for the supply of steel pipes to Saudi Aramco

Arabian Pipes Company awarded on Wednesday 30 Mar 2106 a contract value SR 73 million for supplying 167KM of welded steel pipes to Saudi Aramco. The supplying of the project pipes will start on fourth quarter of year 2016 from Jubail factory and the financial impact will appear in fourth quarter of year 2016 and first quarter 2017

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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