East Pipes Integrated Company for Industry has signed a contract with Saudi Arabian Oil Co. (Aramco) for the manufacturing and supply of steel pipes, with a value exceeding SAR 771 mln (USD 205.6 mln) including VAT.
The contract was signed on September 20, 2026, and has a duration of six months.
The financial impact is expected from the fourth quarter of financial year 2026/2027 through the first quarter of 2027/2028, according to the Saudi Exchange filing.
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