Saudi Arabia-based pipe manufacturer East Pipes Integrated Company for Industry has announced that it has inked a contract with Saudi Arabian oil and gas company Aramco to supply steel pipes worth over SAR 440 million ($117.33 million), including VAT.
Under the contract, East Pipes Co. will manufacture steel pipes and supply them to Aramco for 13 months.
The financial impact of this contract is expected to be reflected in the second and third quarters of the financial year 2024-2025.