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The Saudi Arabian Pipe Company ("Saudi Pipes") announced the signing of a contract with Saudi Aramco valued at 72.8 million riyals for the supply of steel pipes used in the oil and gas sectors. The contract lasts for 12 months and is set to commence on September 28, 2026. The impact of this contract will be reflected in the company’s results during the second half of 2027, with no related parties involved in the deal.
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