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 about SAR 68 million ($18.13 million).

The company stated in a statement published on the Saudi stock exchange website (Tadawul) that the contract duration is 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 in the last quarter of the current year 2026 and the first quarter of the 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 of energy transmission and distribution networks, thereby enhancing local content and listed national companies.