East Pipes Saudi signs contract with Aramco worth over 771 million riyals

East Pipes Integrated Industry announced signing a contract with Saudi Arabian Oil Company (Aramco), valued at over 771 million Saudi riyals, including VAT.

The company noted that the financial impact of the contract will be reflected starting from the fourth quarter of the current fiscal year 2026/2027 through the first quarter of fiscal year 2027/2028.

On September 15, 2026, East Pipes Integrated Industry announced signing a new commercial contract with Aramco Saudi Arabia, aimed at manufacturing and supplying steel pipes, valued at 20 million riyals.

Wall Street ended a volatile week on a mixed tone on Friday, with U.S. Treasury bond yields surpassing 5%, while crude oil prices fell from their previous gains but remained above $100 per barrel, keeping inflation concerns at the forefront of investors' priorities.

Ripple (XRP) price rose slightly to trade above $1.32 on Friday, with buyers gradually returning to the market after the easing of adverse winds linked to macroeconomic factors and regulatory hurdles that pressured the market during the week.

Crude oil prices fell for the third consecutive session on Friday, ending the week almost flat, with market expectations that the closure of the Saudi oil pipeline "East-West" will not have a significant impact on crude supplies as initially feared.