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Business

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

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.

Saudi Steel lands contract

The logo of Aramco at the entrance of its main building in Riyadh. (AFP)
By TRENDS Desk
September 22, 2022 1:14 pm
  • Saudi Steel Pipe Co. said, in a bourse filing, that it expects to see financial impact from its new order in the second and third quarters of 2023
  • The pipe producer, in May, signed a 10-month contract worth $25.86 million with Saudi Aramco to supply the latter with oil and gas steel pipes

Riyadh, Saudi Arabia— Aramco of Saudi Arabia has awarded a $40 million contract to Saudi Steel Pipe Co. for the supply of oil and gas steel pipes.

Saudi Steel Pipe Co. said in a bourse filing, that it expects to see financial impact from its new order in the second and third quarters of 2023.

The pipe producer, in May, signed a 10-month contract worth $25.86 million with Saudi Aramco to supply the latter with oil and gas steel pipes.

A month later, it won another contract worth $15.46 million to supply oil giant Aramco with steel pipes for oil and gas extraction.

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INSEAD Day 4- 300x600
INSEAD Day 4- 300x600
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