On December 7, East Pipes Integrated Company for Industry (East Pipes), a Saudi Arabia-based steel pipe producer, inked a six-month contract with the Saudi Water Authority (SWA).

The agreement is valued at more than SAR 485 million, including value-added tax (VAT). Under the terms of the contract, East Pipes will undertake the manufacturing and supply of steel pipes for the SWA.

The company expects the financial impact from this deal to appear in the fourth quarter of the fiscal year 2025/2026 and the first quarter of the fiscal year 2026/2027.