East Pipes inks SAR 40M supply contract with Al Sayegh
East Pipes Integrated Company for Industry signed today, June 23, a contract with Abdullah Ibrahim Al Sayegh & Sons Co. (Al Sayegh), valued at more than SAR 40 million including value-added tax.
Under the contract, the company will carry out the manufacturing and supply of steel pipes and external coating, according to a statement to Tadawul.
There are no related parties to the deal, it further stated.
The expected financial impact of the six-month contract is likely to be reflected in Q3 and Q4 2025/2026.
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