Riyadh – Mubasher: Saudi Steel Pipe Company inked a SAR 127 million deal to supply oil and gas steel to Saudi Arabian Oil Company (Aramco), according to a bourse disclosure.
The agreement is expected to have a financial impact, reflecting during the first half (H1) of 2027.
Both entities signed the deal on 29 March 2026 for a period up to 12 months.
As of 31 December 2025, Saudi Steel Pipe logged 6.08% higher net profits at SAR 192 million, compared to SAR 181 million in the year-ago period.
Aramco recently sealed three agreements at a combined value of SAR 1.63 billion with Arabian Internet and Communications Services Company (solutions) and Arabian Pipes Company.
