Arabian Pipes Signs Major OCTG Contract with KAC

APC

2200.SA

0.00

Arabian Pipes Company announced on May 12, 2026 the signing of a contract with KAC Trading in Kuwait for manufacturing and supplying OCTG (casing pipes) for Kuwait Oil Company. The contract, signed on May 11, 2026, has a value exceeding 5% of the company's total revenues according to the latest audited financial statements for 2025 and spans 12 months duration. The financial impact is expected during Q4 2026 to Q2 2027, supporting the company's strategic objectives to expand its supply of well casing pipes and fittings in both domestic and export markets.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95287&anCat=1&cs=2200&locale=ar

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.

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