Arabian Pipes wins SAR 293M supply contract from Denys Arabia

Arabian Pipes Co. was awarded, on July 1, a contract worth nearly SAR 293 million to supply steel pipes to Denys Arabia Co. for the second phase of Jafurah field project, the company said in a statement to Tadawul.

The contract is valid for 10 months, Arabian Pipes noted, adding that there are no related parties.

The financial impact of the contract will appear on the company's results from Q4 2024 to Q2 2025.