‎SSP bags SAR 139 mln contract from Uruguay’s TGS

‎SSP bags SAR 139 mln contract from Uruguay’s TGS

Saudi Steel Pipe Co. (SSP) said in a bourse filing it was awarded today, May 16, a SAR 139 million contract from Uruguay’s Tenaris Global Services (TGS).

Under the contract, SSP will supply oil, gas, and steel pipes to TGS for a period of four months.

The relevant financial impact will likely appear on the financial results of Q3, Q4 2022.

TGS is a related party, the statement added.