23 Hrs
Source:
المشهد العربي
Eastern Pipes secures 771M Riyal contract
The Integrated Middle East Pipes Company has signed a contract with Saudi Aramco worth over 771 million riyals, covering the manufacturing and supply of steel pipes for a period of six months. The financial impact of this contract is expected to begin appearing from the fourth quarter of 2026 through the first quarter of 2028. Additionally, the Saudi market has seen an increase in the issuance of sukuk totaling more than 30 billion riyals, with expectations that the price of the Omani barrel of oil will rise to $117. This comes amid falling oil prices and market assessments of the possibility of reaching a ceasefire.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)