Five Pipe Saudi News Today

RIYADH: In a bid to secure a substantial supply of steel pipes, Saudi oil giant Aramco has signed three contracts estimated at around $493 million with the Kingdom’s leading steel pipe manufacturers. East Pipes Integrated Co. has been awarded a contract to manufacture and supply steel pipes to the oil company, following a deal worth SR1.8 billion ($479.9 million), according to

RIYADH: Saudi stocks bucked a regional trend to start the week higher on Sunday, mirroring oil market gains ahead of Monday’s meeting of the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+. The Tadawul All Share Index edged up 0.4 percent to finish at 12,194, while the parallel Nomu market jumped 1.5 percent to 21,640. Apart from Saudi Arabia,

RIYADH: The Saudi stock market ended Monday’s session lower, sparked by a decline in shares of a number of major players in the market. The Tadawul All-Share Index lost 0.77 percent to finish at 12,099, while the parallel Nomu declined 1.69 percent at 21,274. Saudi Tadawul Group Holding Co., owner of the Kingdom’s bourse, led the fallers with a 5.43 percent decline. Saudi oil

RIYADH: The Saudi stock market started flat on Monday as economic slowdown fears and shifting oil prices affected the market. The Tadawul All Share Index started at 12,194, while the parallel Nomu declined 0.85 percent to 21,456, as of 10:08 a.m. Saudi time. Riyadh Cement Co. shed 2.23 percent, after reporting a decline of 47 percent in profit to SR85 million ($23 million) in

RIYADH: Saudi stocks opened in the red for the first trading day of June as market sentiment is plagued by uncertainty resulting from inflation and oil price swings.. The main index, TASI, shed 0.54 percent to 12,851, while the parallel market, Nomu, lost 0.20 percent to 22,725, as of 10:08 a.m. Saudi time. Saudi Arabian Mining Co., known as Ma’aden, fell 2.92 percent leading

RIYADH: Nomu-listed Group Five Pipe Saudi Co. has secured a contract worth SR145 million ($39 million) from Saudi Aramco to supply welded spiral steel pipes. The homegrown manufacturer will supply these pipes for water usage in Aramco’s facilities of Jaladi and Abqaiq, according to a bourse filing. Group Five Pipe Saudi joined the Kingdom’s stock exchange in November last

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