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East Pipes Integrated Company for Industry Announces Contract Sign Off with Saudi Arabian Oil Co. (Aramco)
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EAST PIPES
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1445/11/25 02/06/2024 07:52:31
| Element List | Explanation |
|---|---|
| Introduction | East Pipes Integrated Company for Industry Announces Sign Off Multi Contracts with Saudi Arabian Oil Co. (Aramco) with value exceeding One Billion Six Hundred Fifty Million Saudi Riyals inclusive value added tax. |
| Date of Announcement of the Award | 2024-05-30 Corresponding to 1445-11-22 |
| Contract Subject Matter | Manufacturing and Supplying steel pipes |
| The Entity with Which the Contract was Signed | Saudi Arabian Oil Co. (Aramco) |
| Date of Signing the Contract | 2024-05-30 Corresponding to 1445-11-22 |
| Contract Value | A value exceeding One Billion Six Hundred Fifty Million Saudi Riyals inclusive value added tax |
| Contract Details | Multi Contracts Sign Off for manufacturing and supply of steel pipes to Saudi Arabian Oil Co. (Aramco) with value exceeding One Billion Six Hundred Fifty Million Saudi Riyals inclusive value added tax |
| Contract Duration | Nineteen months |
| Financial Impact and the Relevant Period | The financial impact of the contracts will be reflected from 4th Quarter of financial year 2024/2025 to 4th Quarter of financial year 2025/2026 |
| Related Parties | None |
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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