Saudi Arabia-basedpipemanufacturer Arabian Pipes Company (APC) has announced that it has signed a supply contract with Saudi Arabian oil and gas company Aramco for steel pipes worth around SAR 22 million ($5.86 million).
Under the contract, Arabian Pipes Company will supply pipes to Aramco for up to six months.
The financial impact of this contract is expected to be reflected in the second quarter of 2023.
The companies had signed a similar contract worth around SAR 155 million in September this year.