RIYADH: Nomu-listed Group Five Pipe Saudi Co. has secured a contract worth SR145 million ($39 million) from Saudi Aramco to supply welded spiral steel pipes.
The homegrown manufacturer will supply these pipes for water usage in Aramco’s facilities of Jaladi and Abqaiq, according to a bourse filing.
Group Five Pipe Saudi joined the Kingdom’s stock exchange in November last year, after raising SR98 million in an initial public offering.