Steel Pipe signs SAR 138.6M contract with Aramco

Saudi Steel Pipe Co. (SSP) signed today, Feb. 6, a contract to supply oil and gas steel pipes to Saudi Aramco, with an estimated value of SAR 138.6 million.

The contract is valid for 12 months, the pipe manufacturer said in a statement to Tadawul, noting that there are no related parties to the contract.

SSP expected the relevant financial impact to show in the third and fourth quarters of 2024.