05
Feb
08:46
Saudi’s APC wins first pipe contract of 2024
Arabian Pipes Company has sealed its first contract to supply steel pipe from its plants in fiscal year 2024.
Oil giant Aramco awarded the company a contract worth SAR 108 million ($28.8m) with a term of 11 months. The financial impact will be felt in the third and fourth quarters.
No third parties are involved in the deal, APC says in a stock exchange filing seen by Kallanish.
In the first nine months of 2023, the company's revenue jumped 153.2% on-yea…
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