Arabian Pipes Company announced that it has signed a contract with Saudi Aramco valued at approximately SAR 104 million (USD 27.7 million) for the manufacturing and supply of steel pipes. According to the company's statement, the agreement will span nine months, with its positive financial impact expected to be reflected in the fourth quarter of 2025 and the first quarter of 2026.
Meanwhile, the company reported a decline in its financial performance for the first quarter of 2025. Arabian Pipes posted a net profit of SAR 40.17 million (USD 10.7 million), marking a 26.66% drop compared to SAR 54.76 million (USD 14.6 million) in the same period of the previous year.
The newly signed deal is anticipated to strengthen Arabian Pipes’ production capacity and enhance its position in the sector. Partnering with a major energy company like Aramco also reinforces the company’s strategic alliances in the region. Moreover, Arabian Pipes' emphasis on utilizing local resources in its production processes highlights the importance of such collaborations.
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