Dubai-headquartered Arabian Pipes Co was awarded a supply contract worth around $7.2 million by Saudi Aramco, according to a statement to Tadawul.
According to the contract, Arabian Pipes will supply steel pipes to Saudi Aramco over a period of seven months.
The pipe maker pointed out that the financial impact of the contract will show on Q1 2024 financial results.
There are no related parties to this deal, the statement added.
Arabian Pipes mainly manufactures and markets welded steel pipes for the oil and gas sector. The company owns and operates two factories, the first plant in Riyadh and the second plant in Jubail industrial city.