Arabian Pipes Company has signed a revision of a contract it earlier made with Hanwha Engineering and Construction Co. The revised deal consists of increasing the total amount from SAR 49 million to SAR 61 million (net increment SAR 12 million). This is due to an increase in contract quantity supplied from Jubail factory.

The contract delivery period is set for third and fourth quarters and the financial impact will be recorded during the third and fourth quarters of 2014.