Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- Bahrain All Share Index, Islamic Index close lower
- NIC partners with ZainTECH, marks a major milestone in digital transformation journey
- Boursa Kuwait marks key milestone in Capital Market Development Program
- EU blindsided by latest Trump tariff ultimatum
- Nesma & Partners buys Saudi group Al Yusr Industrial Contracting
- Saudi Arabia drives GCC IPO market in H1; nets $3.4bn in proceeds
- Oman's central bank issues treasury bills worth OMR10.25 million
- Oman, Türkiye sign pact on cooperation in energy sector
- Oman Flour Mills invests more than OMR6mn in local wheat procurement
- Saudi Arabia Emerges as Global Hub for Billion-Dollar Startups
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
| Ticker | Price | Volume |
|---|
15/07/2025
In a significant move to accelerate its digital transformation journey, the National Investments Company (NIC) has entered into a strategic partnership with ZainTECH, the digital solutions arm of Zai
Kuwait Times
15/07/2025
Oman Flour Mills Company (OFM) has invested more than OMR6 million in the procurement of locally grown wheat between 2021 and 2024.
The initiative, implemented in collaboration with the Mini
Times of Oman
15/07/2025
Saudia recorded strong operational growth in the first half of 2025, transporting over 17.5 million passengers, a 7.2% increase compared to the same period in 2024, according to the airline's latest
Saudi Gazette
14/07/2025
Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, has announced that it has secured the esteemed EcoVadis Platinum Rating certification for a second time.
The Ec
Trade Arabia
14/07/2025
QIIB has entered into a strategic partnership with Visa, a global leader in digital payments, to roll out the cutting-edge 'Click to Pay' feature with biometric authentication.
As one of the
Times of Oman
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia