Riyadh – Mubasher: East Pipes Integrated Company for Industry issued a clarification regarding its previous announcement dated 19 July 2026, concerning the signing of agreements with selected suppliers for the provision of equipment.
The company stated that there are no related parties involved with any of the selected suppliers.
Furthermore, East Pipes Integrated Industries confirmed that the purchase orders for both suppliers were officially issued on 19 July 2026.
The company noted that there are no additional costs associated with this update beyond what was previously disclosed. Management indicated that it will continue to disclose any material developments in the future as required by regulatory instructions.
This follow-up disclosure serves to provide transparency regarding the administrative timeline and the independence of the contracting parties involved in the equipment procurement process.
