Arabian Pipes Company (APC), a Saudi Arabia-based pipe producer, has inked a SAR 204 million supply agreement with Saudi Arabian Oil Company (Saudi Aramco) for steel pipes and coating services for a period of 16 months.

The impact of the contract will show on APC’s financial performance from the first quarter of 2024 to the second quarter of 2025.

The two companies signed an agreement with a value of SAR 322 million last June, and a steel pipe supply contract valued at SAR 301.9 million this August.