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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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26/12/2025
As part of its ongoing support for the "Diraya" campaign, and on the occasion of the New Year holiday, Gulf Bank has provided a set of valuable tips to help travelers manage their finances wisely, pr
Kuwait Times
26/12/2025
Dukhan Bank has announced the launch of its UK Winter Spend Campaign, offering customers additional DAwards when using their Dukhan Bank Visa credit cards in the United Kingdom during the winter seas
The Peninsula
26/12/2025
Emsteel Group, a leading integrated steel and building materials manufacturer in the region, has announced a major step toward decarbonising steel production through collaboration with the Emirates N
Trade Arabia
25/12/2025
Ooredoo Qatar has launched its new eSIM solution for Internet of Things (IoT) devices, developed to support enterprises in simplifying device management, enhancing security, and scaling IoT operation
Gulf Times
25/12/2025
Ahlibank has been officially certified to the internationally recognised ISO 22301 standard for Business Continuity Management Systems (BCMS) by Intertek Global International.
This milestone
The Peninsula
Financial Information Co.
Saudi Arabia