Saudi's Arabian Pipes signs $122.61mln supply deal

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Under the 12-month agreement, the Saudi listed firm will supply MACL with steel pipes

Staff Writer, Mubasher

October 5, 2022

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Riyadh – Arabian Pipes Company inked a contract worth nearly SAR 450 million with McDermott Arabia Company Limited (MACL) on 3 October 2022.

Under the 12-month agreement, the Saudi listed firm will supply MACL with steel pipes, according to a recent bourse disclosure.

Arabian Pipes mentioned that the deal will reflect on its income statements during the third quarter (Q3) of 2023.

Last September, Arabian Pipes was awarded a SAR 155 million contract from Saudi Arabian Oil Company (Aramco) to provide the latter with steel pipes.

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