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Group Five inks million riyal contract with Saudi Aramco for spiral welded steel pipes

Group Five Saudi Pipe Company has recently finalized a substantial contract with Saudi Aramco for the production and supply of spiral-welded steel pipes.

Group Five inks million riyal contract with Saudi Aramco for spiral welded steel pipes

In a recent development, Group Five Saudi Pipe Company has officially inked a lucrative contract with Saudi Aramco, amounting to SAR 34 million. The agreement entails the manufacturing and supply of spiral-welded steel pipes.
The contract spans over a two-month period, with the total value inclusive of value-added tax. Group Five clarified that the scope of the contract involves producing and delivering spiral-welded steel pipes for a specific project under the ownership of Saudi Aramco in the Eastern Province of the Kingdom of Saudi Arabia.

The company has projected that the financial implications of this significant contract will commence reflecting in its performance starting from the third quarter of the fiscal year 2024. This collaboration marks a pivotal moment for Group Five, showcasing its continued success and prominence in the industry.

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