Saudi Aramco has awarded a contract to East Pipes Integrated Co for nearly $24.8 million, East Pipes said in its bourse disclosure.
The eight-month deal covers the manufacturing and supplying of steel pipes to Aramco.
East Pipes Integrated indicated that the agreement will reflect on its income statements during the fourth quarter (Q4) of fiscal year (FY) 2023/2024 and Q1-24/25.
Last month, Saudi-headquartered East Pipes Integrated Co landed a $480 million contract from Saudi Aramco to manufacture and supply steel pipes for its key projects.
Founded in 2010 in Dammam in the Eastern Province, East Pipes Integrated Co has now become a major manufacturer of spiral steel pipes.
