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Arabian Pipes Co. Announces Contract Sign Off with KAC Trading in Kuwait
| Element List | Explanation |
|---|---|
| Introduction | Arabian Pipes Company Announces Contract Sign Off with KAC Trading in Kuwait |
| Date of Announcement of the Award | 2026-05-11 Corresponding to 1447-11-24 |
| Contract Subject Matter | Manufacturing and supplying OCTG (Casings pipes) |
| The Entity with Which the Contract was Signed | KAC Trading in Kuwait |
| Date of Signing the Contract | 2026-05-11 Corresponding to 1447-11-24 |
| Contract Value | Exceeds 5% of total revenues according to the latest audited financial statements for 2025. |
| Contract Details | A contract was signed with KAC Trading for the manufacture and supply of OCTG (casing pipes), with a value exceeding 5% of the company's revenues according to the latest audited financial statements for 2025. |
| Contract Duration | 12 months |
| Financial Impact and the Relevant Period | Q4 2026 to Q2 2027 |
| Related Parties | NA |
| Additional Information | A contract was signed with KAC Trading for the manufacture and supply of OCTG (casing pipes) for Kuwait Oil Company. This aligns with the company's objectives to expand its supply of well casing pipes and fittings both domestically and in export markets. |
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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