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Saudi Steel Pipe Co. Announces Contract Sign Off with SAUDI ARAMCO

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Introduction Saudi Steel Pipe Company announces the award of an order amounting to SAR 149.8 Million for the supply of Oil & Gas Steel Pipes to Saudi Aramco.
Date of Announcement of the Award 2022-09-21 Corresponding to 1444-02-25
Contract Subject Matter Supply of Oil & Gas Steel Pipes to Saudi Aramco.
Date of Signing the Contract 2022-09-21 Corresponding to 1444-02-25
Contract Value SAR 149.8  Million
Contract Details Purchase order amounting to SAR 149.8 Million for the supply of Oil & Gas Steel Pipes to Saudi Aramco.
Contract Duration Up to 15 months.
Financial Impact and the Relevant Period The financial impact of this order is expected to materialize in the second and third quarter of fiscal year 2023.
Related Parties Not applicable.
Additional Information Not applicable.

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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