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- Minerals and a strategic location: Why Greenland is coveted
- US luxury retailer Group Saks Global files for bankruptcy
- QSE index closes lower
- QIB net profit grows 5% to QR4.83bn in 2025
- Food factory opens in Khazaen Economic City worth OMR25 million investment
- Bahrain Bourse unveils strategic roadmap for 2025-28 period
- Jadwa launches $200m GCC-focused private credit fund
- Empower reinforces partnership with UNEP Cool Coalition team
- GCC economy to growth 4.4% in 2026; global growth to stay steady
- Global Unemployment 'Stable' in 2026, but Decent Jobs Lacking
07/06/2024 06:53 AST
Group Five Pipe Saudi Company has inked significant contracts worth SAR4.48 billion ($1.2 billion) with two major Saudi entities-Aramco and the Saline Water Conversion Corporation (SWCC)-to supply spiral-welded steel pipes for key projects, reports Trade Arabia.
Under the SAR1.48 billion deal with Aramco, Group Five Pipe will manufacture and supply spiral-welded steel pipes for one of Aramco's crucial projects. The contract, detailed in a filing to the Saudi bourse Tadawul, will be executed over 12 months. The financial impact of this agreement is expected to be reflected starting from the third quarter of the fiscal year 2025.
This contract follows closely on the heels of a SAR3 billion order from SWCC for the Ras Al Khair Water Transportation System Project. This project involves the supply of spiral-welded steel pipes to transport water from Ras Al Khair to Riyadh. Group Five Pipe announced that the work on this contract will be completed within 22 months, with financial effects beginning to show from the third quarter of the fiscal year 2024.
Smartwatermagazine.com
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| MAADEN | 59.55 | 0.00 (0.00 |
| SABIC | 54.95 | 0.00 (0.00 |
| SABICAGRINUTRIENTS | 116.00 | 1.00 (0.86 |
| YANSAB | 30.42 | -0.10 (-0.33 |
| LUBEREF | 94.70 | 0.75 (0.79 |
15/01/2026
Qatar Islamic Bank (QIB) reported a net profit of QR4.83bn in the fiscal year ended December 31, 2025, registering a 5% year-on-year (y-o-y) increase from QR4.60bn.
Basic earnings per share
Gulf Times
15/01/2026
The Food Development Company, a subsidiary of Salalah Mills Company, celebrated today the opening of its bakery products manufacturing plant in Khazaen Economic City, located in the Wilayat of Barka,
Times of Oman
15/01/2026
Jadwa Investment, a leading investment management and advisory firm in the Middle East, has announced the launch of its flagship private credit fund, Jadwa GCC Diversified Private Credit Fund, with a
Trade Arabia
15/01/2026
Emirates Central Cooling Systems Corporation (Empower) held a meeting with the members of the Cool Coalition of United Nations Environment Programme (UNEP) on the sidelines of the ongoing Abu Dhabi S
Trade Arabia
15/01/2026
Emaar founder Mohamed Alabbar has announced that the tender for the construction of Dubai Creek Tower will be launched within the next three months, marking a significant step forward for one of the
Gulfnews
Financial Information Co.
Saudi Arabia