The Arabian Pipes Company (Anabib) announced on Wednesday the signing of a new contract with Saudi Aramco to manufacture, coat, and supply steel pipes, with a total value estimated at 68 million riyals ($18.13 million).

The company explained, in a statement published on the Saudi Stock Exchange (Tadawul) website, that the contract duration extends for 8 months, noting that the actual signing took place on Tuesday, July 21, 2026.

The positive financial impact of this contract is expected to appear in the company's financial statements during the last quarter of the current year 2026 and the first quarter of next year 2027.

The company also confirmed that there are no related parties in this transaction.

This contract is part of a series of contracts signed by Saudi Aramco to develop and build the infrastructure for energy transmission and distribution networks, thereby enhancing local content and listed national companies.