Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- Saudi Arabia emerges as top MICE hub as region targets $100bn
- How AI is empowering event tech in KSA
- Real estate trading exceeds QAR 767 million last week
- Weak oil prices weigh on Qatar bourse; M-cap melts QR2.66bn
- Mosanada Facility Management Services to list on QSE on December 15
- Dollar Index may slide to 94 before rebound in late 2026: Morgan Stanley
- QNB Visa summer campaign concludes
- Vodafone Qatar to accelerate digital innovation, AI-powered connectivity
- AD Ports sells its 9.77% stake in NMDC to Alpha Dhabi
- Bahrain inks deal to extend PPA for 950MW power plant
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 |
|---|
28/11/2025
QNB Group, the leading financial institution in the Middle East and Africa, has officially handed over the grand prize of its QNB Visa summer campaign - a luxurious apartment on Gewan Island to the l
The Peninsula
28/11/2025
Vodafone Qatar has announced the delivery of next-generation digital solutions that enhance connectivity, strengthen cybersecurity, and transform customer engagement across Qatar, in collaboration wi
The Peninsula
28/11/2025
AD Ports Group, a leading global facilitator of trade, logistics, and industry, today announced the sale of its 9.77% stake in NMDC Group, a global leader in engineering, procurement, construction, a
Trade Arabia
28/11/2025
Alpha Dhabi Holding has tightened its grip on one of the UAE's most strategically important industrial groups, acquiring an additional 82.5 million shares in NMDC Group in a Dh1.6 billion transaction
Khaleej Times
27/11/2025
As part of the government's ongoing commitment to empowering people with disabilities and reinforcing their role in the Kuwaiti community and the labor market, Dr Ahmad Abdulwahab Al-Awadhi, Minister
Kuwait Times
Financial Information Co.
Saudi Arabia