Group Five signs SAR 1.3B contract with Saudi Aramco

Group Five Pipe Saudi Co. signed, on May 30, a contract worth SAR 1.3 billion (VAT inclusive) with  Saudi Aramco for manufacturing and supplying spiral-welded steel pipes, according to a statement to Tadawul.

Under the 12-month contract, the company will manufacture and supply tailored spiral-welded steel pipes for one of Aramco’s projects.

The related financial impact will be reflected from Q2 2025, the statement added.