Riyadh – Mubasher: East Pipes Integrated Company for Industry signed agreements with multiple suppliers to secure strategic material handling assets, following its initial disclosure on 31 March 2026.
The move is part of the company's strategy to enhance operational capabilities and ensure the availability of advanced equipment for its logistics and handling activities.
The company entered into an agreement with Saudi Liebherr for a total value of SAR 7.20 million.
Additionally, a contract was finalized with Vacuworx – USA valued at approximately SAR 1.73 million. Both contract values are exclusive of Value Added Tax (VAT).
Management stated that these agreements support the company’s operational and strategic objectives by providing reliable, high-specification equipment.
There are no additional costs associated with this development beyond what was previously disclosed in the initial announcement on 31 March.
During the period from April 2025 to March 2026, the listed company achieved net profits valued at SAR 573.26 million and revenue of SAR 2.29 billion.
