Saudi Steel Pipe wins SAR 177M contract from Aramco

Saudi Steel Pipe Co. was awarded today, Oct. 13, a contract from Saudi Aramco to supply steel pipes for the oil and gas applications, at an estimated value of SAR 177 million.

In a statement to Tadawul, the company said the contract involves a purchase order for the supply of steel pipes for oil and gas applications, with a term of up to 12 months.

The related financial impact is expected to be reflected in the company’s results in H2 2027.

Saudi Steel Pipe noted that there are no related parties to the contract.