Riyadh – Mubasher: East Pipes Integrated Company for Industry has inked a contract with Saline Water Conversion Corporation (SWCC) at the amount of SAR 490 million.

Upon the 365-day contract, the Saudi listed company will manufacture and supply steel pipes for water uses, according to a bourse disclosure on Monday.

East Pipes pointed out that the financial impact is expected to be registered in the fiscal year 2022-2023.

It is worth noting that last March, the two parties penned a SAR 497 million contract.