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East Pipes Integrated Company for Industry Announces an update on East Pipes Integrated Company for Industry announces Contract Sign Off with Saudi Arabian Oil Co. (Aramco)

1321
EAST PIPES
-1.24 %
1445/09/11     21/03/2024 16:01:13

Element ListExplanation
Introduction East Pipes Integrated Company for Industry announces the stop and cancel of Contract Signed with Saudi Arabian Oil Co. (Aramco) which worth 153 million Saudi Riyals, as this comes at the request of Saudi Arabian Oil Company (Aramco).
Previous Announcement East Pipes Integrated Company for Industry announces Contract Sign Off with Saudi Arabian Oil Co. (Aramco)
Date of Previous Announcement on Saudi Exchange’s Website 2023-11-30 Corresponding to 1445-05-16
Hyperlink to the Previous Announcement on the Saudi Exchange Website Click Here
Latest Developments Of The Announced Event Cancellation of the contract as requested by the Saudi Arabian Oil Company (Aramco)
Reasons For The Delay on The Date of The Event Previously Announced None
The costs associated with the event, and if they have changed or not with indication of the reasons. There are no costs related to the event.
Delay consequences on the Company’s financial results None
Additional Information The company agreed to stop and cancel the contract because there is no financial impact that would affect the company’s performance for the following reasons:

1. The contract was not included in the company’s production schedules during the current fiscal year.

2. According to the company's plans, the raw materials related to the contract have not been purchased yet.

3. The cancellation does not affect the operating plans during the period scheduled for implementation.

Attached Documents  

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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Key Parameters
Last Price 159.4
Net Change -2.0 (-1.24%)
Value Traded (Sar) 18,065,763
Volume Traded 114,206
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