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- QIIG wins 'Takaful Insurance Company of the Year' award
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- Asyad unveils logistics projects to support hydrogen economy
- OQGN acquires gas pipeline in Block 61 for RO40mn
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26/02/2024 06:47 AST
Group Five Pipe Saudi Co. has announced the signing of a significant contract with the leading oil company, Saudi Aramco. The agreement, formalized on 30 May 2024 (22 Shawwal 1445 in the Islamic calendar), marks a major step forward for both entities.
The contract, valued at approximately SAR 1.3 billion inclusive of value-added tax, pertains to the manufacture and supply of spiral-welded steel pipes. These high-quality pipes will be tailored for a specific project under the ownership of Saudi Aramco.
The agreement extends over a 12-month period and is expected to have a notable financial impact starting from the third quarter of the fiscal year 2025. Importantly, no related parties are involved in this contract.
This collaboration reflects the strong partnership between Group Five Pipe Saudi Co. and Saudi Aramco, and underscores their joint commitment to delivering top-tier industrial solutions.
Tadawul
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03/12/2025
At a prestigious ceremony held at Atlantis The Palm - Dubai, Qatar Islamic Insurance Group (QIIG) received the 'Takaful Insurance Company of the Year' award at the 12th Middle East Insurance Industry
The Peninsula
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In a new milestone that reinforces its position as one of the region's leading developers, United Development Company (UDC), the master developer of The Pearl and Gewan Islands, announced that it has
The Peninsula
03/12/2025
The National Investments Company (NIC) has announced the appointment of Mohammed Adel Al-Kharafi as Senior Executive Officer (SEO) of its Dubai International Financial Centre (DIFC) office. This appo
Kuwait Times
03/12/2025
Asyad Group has unveiled a series of forward-looking projects aimed at enhancing the readiness of Oman's national logistics infrastructure to support the green hydrogen economy.
The announce
Muscat Daily
03/12/2025
OQ Gas Networks (OQGN), the sole operator of Oman's natural gas transportation network, has signed an agreement to acquire a gas transportation pipeline in Block 61, which hosts the Khazzan and Ghaze
Muscat Daily
Financial Information Co.
Saudi Arabia