The Saudi East Pipes Integrated Company has won a contract worth SR490 million ($131 million) to supply water pipes to Saline Water Conversion Corporation, reports Arab News.
In a statement, the company said the financial impact of the one-year deal will be seen in the company's fiscal year 2022-2023.
East Pipes is one of the leading HSAW pipes manufacturer in the Kingdom of Saudi Arabia. Earlier in 2022, it joined the Saudi stock exchange.