Eastern Pipes signs a contract with Aramco for the manufacture and supply of steel pipes worth more than 1.65 billion riyals

Eastern Pipes Integrated Industry Company announced last Thursday that it signed several contracts with the Saudi Arabian Oil Company - Aramco for the manufacture and supply of steel pipes, worth more than 1.65 billion riyals, including value-added tax. The company said in a statement on Tadawul that the contract period is 19 months, noting that there are no related parties. The company indicated that the financial impact of the contract will appear from the fourth quarter of the fiscal year 2024/2025 to the fourth quarter of the fiscal year 2025/2026.