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Arabia Pipes bags 68M Riyal Saudi Aramco deal
The Arab Pipes Company ("Anabeeb") has announced the signing of a contract with Saudi Aramco valued at approximately 68 million riyals for the manufacturing and supply of steel pipes. The signing took place on July 21, 2026, and the contract is expected to be executed over a period of 8 months. The financial impact is anticipated to begin in the fourth quarter of 2026 and continue until the first quarter of 2027. The report clarifies that the contract is part of normal business operations and involves no related parties. It includes the manufacturing, packaging, and delivery of the pipes according to the agreed technical specifications.
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