INSEAD Day 4 - 728x90

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Salik profit slips in H1

The company said traffic recovery supported resilience.

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

East Pipes lands $131m deal

The deal included no related parties. (Linkedin)
  • The financial impact of the one-year deal will be seen in the company's fiscal year 2022-2023
  • Established in 2010, East Pipes specializes in the manufacturing of steel pipes and joined the Saudi stock exchange earlier this year

Saudi East Pipes Integrated Co. has stitched a deal with Saline Water Conversion Corporation to supply water pipes worth $131 million.

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.