Saturday, 26 May 2018 05:13 GMT

Saudi- New Arabian Pipes deal

(MENAFN - Arab News) Arabian Pipes Company has signed a revision of a contract it earlier made with Hanwha Engineering and Construction Co.

This follows an earlier announcement published on Tadawul's website on Setp. 25 related to the deal.

The revised deal consists of increasing the total amount from SR49 million to SR61 million (net increment SR12 million).

This is due to an increase in contract quantity supplied from Jubail factory.

The contract delivery period is set for third and fourth quarters and the financial impact will be recorded during the third and fourth quarters of2014

Saudi- New Arabian Pipes deal

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