Riyadh – Mubasher: Group Five Pipe Saudi Company and Esnad Al Turuq Contracting Company penned a SAR 176 million agreement on 16 March, according to a bourse filing.
The deal covers the manufacturing and supply of water transmission system pipes in Ras Al Khair (H&I) until May 2026.
Meanwhile, the contract will reflect on Group Five’s financial statements during the second quarter (Q2) of 2026 as well as Q3-26.
Last June, Saudi Arabian Oil Company (Saudi Aramco) inked a SAR 1.30 billion with Group Five for supplying spiral-welded steel pipes tailored for one of the projects owned by the major oil producer.
