KSA's Arabian Pipes Pens Deal with McDermott Arabia Co. Ltd.

published:05/10/2022 09:15 GMT

Arabian Pipes Company inked a contract worth nearly SAR 450 million (US$119.7 million) with McDermott Arabia Company Limited (MACL) on 3 October 2022. Under the 12-month agreement, the Kingdom of Saudi Arabia (KSA) listed firm will supply MACL with steel pipes, according to a recent bourse disclosure. Arabian Pipes mentioned that the deal will reflect on its income statements during the third quarter (Q3) of 2023. Last September, Arabian Pipes was awarded a SAR 155 million (US$41.2 million)...More