Arabian Pipes will start its supplies to Aramco in Q2-19
-3.36% 9.78 -0.34
Riyadh – Mubasher: Saudi Arabia-based Arabian Pipes Company has announced signing a SAR 35 million contract with state-run Saudi Aramco to supply it with steel pipes for its plant in Jubail Industrial City.
Arabian Pipes will start its supplies to the largest international oil firm in the second quarter of 2019, according to a statement to the Saudi Stock Exchange (Tadawul).
The transaction’s financial impact will start to appear in Arabian Pipes’ Q2-19 and Q3-19 financial statements.
Arabian Pipes’ stock tumbled 3.36% to finish Thursday’s trading session at SAR 9.78.
(c) All Rights Reserved - Mubasher Info 2005 - 2018 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers