East Pipes Integrated Company for Industry has signed a SAR 60 mln (USD 16 mln) contract with AliShar Contracting, according to a filing with the Saudi Exchange.
The six-month contract covers coating application services for steel pipes.
East Pipes said the financial impact of the agreement is expected to be reflected in its results from Q4 FY26 through Q2 FY27.
Founded in 2010, East Pipes operates a helical spiral arc welded (HSAW) pipe plant in Dammam with an annual capacity of 500,000 tons. The facility can produce pipes up to 18.2 meters long, with wall thicknesses of 6-25.4 mm, diameters of 20-100 inches, and grades up to API X80.
1 USD / 3.75 SAR
