Saudi East Pipes secures $131m deal with SWCC

Saudi East Pipes secures $131m deal with SWCC
East Pipes specializes in the manufacturing of steel pipes and joined the Saudi stock exchange earlier this year. (Supplied)
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Updated 30 May 2022
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Saudi East Pipes secures $131m deal with SWCC

Saudi East Pipes secures $131m deal with SWCC

RIYADH: The Saudi East Pipes Integrated Co. has secured a deal worth SR490 million ($131 million) to supply water pipes to Saline Water Conversion Corporation.

The financial impact of the one-year deal will be seen in the company's fiscal year 2022-2023, the company reported to the Saudi stock exchange.

Established in 2010, East Pipes specializes in the manufacturing of steel pipes and joined the Saudi stock exchange earlier this year.