Borsat Al Khaleej Live Support
Leave a message and our representative will contact you soon
09/12/2025 01:40 AST
Saudi-based East Pipes Integrated Company for Industry has announced that it has secured a contract worth SAR485 million ($129 million) from the Saudi Water Authority for the manufacture and supply of steel pipes.
Founded in 2010 at Dammam in the kingdom's Eastern Province, East Pipes has today become a major manufacturer of spiral steel pipes. It presently offers helical submerged arc welded (HSAW) pipes, used in transport, water, oil and gas and other sectors, to customers worldwide.
The entire contract work will be completed within a six-month period, stated East Pipes in its filing to the Saudi bourse Tadawul.
East Pipes said the financial impact of the contract will be reflected in the Q4 of financial year 2025/2026 and Q1 of financial year 2026/2027.
This comes close on the heels of its SAR40 million contract win from Abdullah Ibrahim Alsayegh & Sons in June. As part of the deal, it will be responsible for manufacture and supply of steel pipes and external coating.
Trade Arabia
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| MAADEN | 64.80 | 1.95 (3.10 |
| SABIC | 54.20 | -0.75 (-1.37 |
| SABICAGRINUTRIENTS | 128.40 | 1.40 (1.10 |
| LUBEREF | 117.00 | -1.00 (-0.85 |
| YANSAB | 29.50 | -0.16 (-0.54 |
19/06/2026
Saudi Arabia laid out a new strategy in Rome to strengthen global supply chains and build a broader partnership model with Europe, seeking to move beyond current geopolitical pressures and deepen eco
Arab News
19/06/2026
Emirates NBD announced the completion of its acquisition of a majority stake in the Indian private bank RBL Bank through a primary capital infusion of approximately $2.75 billion (Dh10.1 billion), ma
Khaleej Times
19/06/2026
Saudi Telecom Co., also known as stc, and Public Investment Fund-backed Humain have extended by six months a memorandum of understanding to establish a Saudi AI data center joint venture.
T
Arab News
18/06/2026
National Bank of Bahrain (NBB) acted as Joint Lead Manager and Bookrunner in Bahrain's successful $1 billion 10-year international bond issuance.
The bank's involvement reinforces its role
Trade Arabia
18/06/2026
As part of its firm commitment to providing a seamless and comprehensive digital banking experience, and its continuous dedication to rewarding its customers and delivering added value that meets the
Kuwait Times