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East Pipes Integrated Company for Industry has secured a major contract valued at over SAR 771 million (including VAT) with Saudi Arabian Oil Co. (Saudi Aramco). The agreement spans six months and encompasses the manufacturing and supply of specialized steel pipes. Financial returns from this deal are expected to be recognized between the fourth quarter of the 2026/27 fiscal year and the first quarter of 2027/28.
This award marks East Pipes' second agreement with Saudi Aramco within September, following a smaller SAR 20 million contract announced earlier in the month. The repeated win highlights East Pipes' strong position within the domestic industrial supply chain and reinforces Aramco's ongoing infrastructure investments. The substantial contract value significantly bolsters East Pipes' order backlog and medium-term revenue visibility.
Investors will be tracking the execution timeline of the contract and its strategic impact on East Pipes' financial performance over the coming fiscal periods. Furthermore, continued project awards by Saudi Aramco serve as a positive indicator for the broader industrial and construction sector listed on Tadawul.
