Saudi Steel Pipe Co. Announces Contract Sign Off with Saudi Aramco

AI Summary

Saudi Steel Pipe Company has been awarded a purchase order from Saudi Aramco valued at approximately SAR 65 million for the supply of oil and gas steel pipes.
The contract was signed on May 31, 2026, and is scheduled to be executed over a duration of up to 12 months.
The financial impact of this order is expected to materialize in the second quarter of fiscal year 2027.

Element List	Explanation
Introduction	Saudi Steel Pipe Company announces the award of an order amounting to approximately SAR 65 Million for the supply of Oil & Gas Steel Pipes to Saudi Aramco.
Date of Announcement of the Award	2026-06-01 Corresponding to 1447-12-15
Contract Subject Matter	Supply of Oil & Gas Steel Pipes to Saudi Aramco.
The Entity with Which the Contract was Signed	Saudi Aramco
Date of Signing the Contract	2026-05-31 Corresponding to 1447-12-14
Contract Value	Approximately SAR 65 Million
Contract Details	Purchase order amounting to approximately SAR 65 Million for the supply of Oil & Gas Steel Pipes to Saudi Aramco.
Contract Duration	Up to 12 months
Financial Impact and the Relevant Period	The financial impact of this order is expected to materialize in the second quarter of fiscal year 2027.
Related Parties	Not applicable.
Additional Information	Not applicable.