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- stc reports KD 342.5 million revenues, KD 34.1 million net profit for 2025
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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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The Chairman of Kuwait International Bank (KIB), Sheikh Mohammed Jarrah Al-Sabah, announced the Group's financial results for the year ending on December 31, 2025, achieving a net profit of KD 30.1 m
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Commenting
The Peninsula
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Dukhan Bank has announced its diamond sponsorship of Web Summit Qatar, one of the world's leading technology and innovation platforms, to be held from 1 to 4 February 2026. The diamond sponsorship re
The Peninsula
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NMDC Group has moved to strengthen its execution capacity with the addition of a new self-propelled cutter suction dredger valued at Dh618 million, extending a fleet that already exceeds 170 vessels
Gulfnews
Financial Information Co.
Saudi Arabia