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MarketScreener Homepage  >  Equities  >  SAUDI ARABIA STOCK EXCHANGE  >  Arabian Pipes Company    2200   SA0007879378

ARABIAN PIPES COMPANY

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Arabian Pipes : Announces Project Sign Off to Saudi Aramco

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10/12/2018 | 12:37pm EST

APC 2200 -3.36% 9.78 -0.34

Element List Explanation
Date of announcement of the assignment 2018-10-11 Corresponding to 1440-02-02
Subject of contract Arabian Pipes Company awarded SR 35 million order for the supply of steel pipes to Saudi Aramco
Date of contract sign off 2018-10-11 Corresponding to 1440-02-02
Contract Value more than SR 35 million
Contract Details Arabian Pipes Company has been awarded on Thursday 11 October 2018 an order for supplying LSAW pipes for Saudi Aramco and order value more than SR 35 million. The supply of the pipes will start on the second quarter of year 2019 from APC factory in Jubail industrial city. And the financial impact will be from the second and third quarter of year 2019
Contract Duration 9 Months
The financial impact and period that this project will affect the financial impact will be from the second and third quarter of year 2019
Related Parties There is no

(c) All Rights Reserved - Mubasher Info 2005 - 2018 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Income Statement Evolution
Managers
NameTitle
Ahmed Ali Abdul Karim Al-Luhaidan Chief Executive Officer & Executive Director
Yousef Saleh Mansour Abalkhail Chairman
Hisham Abdul Noor Mohammed Essa Chief Financial Officer
Saad Ibrahim Abdulaziz Al-Mojil Non-Executive Director
Khalid Abdullah Al-Rashid Abu Nayyan Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
ARABIAN PIPES COMPANY98
ARCELORMITTAL7.44%22 436
POSCO--.--%20 610
NUCOR15.29%18 253
NIPPON STEEL & SUMITOMO METAL CORP10.72%17 657
NOVOLIPETSK STEEL PAO--.--%13 955