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Element List	Explanation
Introduction	In line with the company's efforts to achieve its strategic goals, localize technology, and enhance local content, the Arabian Pipes Company announces the decision made by the Board of Directors during its meeting held on December 24, 2025, to establish a project for a drilling pipe coupling factory at the company's facility in the second industrial area in Riyadh, with a production capacity of up to 50,000 units annually. The factory represents an added value to the company for the following reasons: - Localizing the production technology for pipe coupling - Meeting the requirements of supply contracts for oil and gas casing pipes - Meet the local market's needs and exporting pipe coupling.
Date of Board Resolution in Regard to the Project	2025-12-24 Corresponding to 1447-07-04
Project Start Date	It is expected that the project will start in the first quarter of 2026, following the necessary regulatory approvals from the relevant authorities
Project Cost	The total estimated cost of the project is 30 million Saudi Riyals.
Financing method for the project	The project will be financed using the company's own resources and other funding sources
Expected completion date of the project	It is expected that the project will be completed in the first quarter of 2027
Expected Financial Impact of the Project on the Company’s Results	It is expected that the financial impact of the project will positively reflect on the company's financial statements after start the commercial production
The Start of the Expected Impact of the Project on the Company’s Results	It is expected that the project's impact on the company's will begin in the second quarter of 2027.
Expected Date for the Pilot Production of the Project to Begin	First quarter of 2027
Duration of the pilot production of the project	For approximately three months
Expected date for the commercial production of the project	Second quarter of 2027
Executing Party/Counter Party in the Project/Contract	The execution of the project will be contracted to several specialized contractors and suppliers after obtaining the necessary regulatory approvals from the relevant authorities
Related Parties	Nothing
Additional Information	Any significant developments related to this project will be disclosed in a timely manner in accordance with the relevant regulations

Arabian Pipes Co. Announces Establishment of Pipe Coupling Factory