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Arabian Pipes Co. Announces Contract Sign Off with Saudi Aramco with total value exceeding SR 174 MM to supply of steel pipes

Element ListExplanation
Introduction Arabian Pipes Company awarded SR 174 MM order for the supply of steel pipes to Saudi Aramco
Date of Announcement of the Award 2019-12-16 Corresponding to 1441-04-19
Contract Subject Matter Arabian Pipes Company awarded SR 174 MM order for the supply of steel pipes to Saudi Aramco
Date of Signing the Contract 2019-12-16 Corresponding to 1441-04-19
Contract Value around SR 174 MM
Contract Details Arabian Pipes Company has been awarded on 16 December 2019 an order for supplying OCTG Steel pipes for Saudi Aramco and order value exceeding SR 174 from Riyadh factory and the financial impact will be from the 4the quarter of 2020 until the 3rd quarter 2021.
Contract Duration 1.5 years
Financial Impact and the Relevant Period From quarter 4 ,2020 until quarter 3 , 2021
Related Parties NA
Additional Information NA

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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