1320 · 18/10/2018 15:59:46 · Announcement #52317 · View on Saudi Exchange

Saudi Steel Pipe Co. Announcess SAUDI STEEL PIPE COMPANY AFFILIATE GLOBAL PIPE COMPANY WAS AWARDED SAR 60 MILLION CONTRACT OF 30 INCHES OCTG PIPES FROM SAUDI ARAMCO COMPANY

Element ListExplanation
Announcement Detail Global Pipe Company, an affiliate of Saudi Steel Pipe Company has been awarded a contract of worth SAR 60 million of 30 inches OCTG pipes to supply to Saudi Aramco Company.

The contract was signed on Thursday 18/10/2018, and the production will start in the second quarter of 2019 and it is expected to have a positive impact on the company’s financials on the second half of 2019.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.