Saudi Vitrified Clay Pipes Wins SAR 4.6M Contract
Saudi Vitrified Clay Pipes Co. (Tadawul: 2360) announced on June 4, 2026, that it received a purchase order from Bright Trading & Contracting Co. Ltd. valued at SAR 4,644,740.75 (including VAT) for supplying vitrified clay pipes and fittings for the Sewage Networks Project for Sabya Villages (Phase Two). The contract was signed on June 3, 2026, with a duration of 15 months. The financial impact is expected from Q3 2026.
Key Numbers
Saudi Vitrified Clay Pipes Co. (Tadawul: 2360) announced on June 4, 2026, that it has secured a purchase order from Bright Trading & Contracting Co. Ltd. worth SAR 4,644,740.75 (including VAT).
Contract Details
- Counterparty: Bright Trading & Contracting Co. Ltd.
- Value: SAR 4,644,740.75 (including VAT)
- Scope: Supply of vitrified clay pipes, fittings, and accessories for the Sewage Networks Project for Sabya Villages (Phase Two)
- Signing Date: June 3, 2026
- Duration: 15 months
Financial Impact
The financial impact is expected to be reflected in the company's results starting from the third quarter of 2026.
Context
This contract aligns with infrastructure development efforts in the Jazan region, where sewage projects are part of local development plans. Saudi Vitrified Clay Pipes Co. specializes in manufacturing vitrified clay pipes in the Kingdom.
What It Means for Investors
The contract adds to the company's project portfolio, though its value is moderate relative to annual revenues. Investors will watch for recurring contracts and their contribution to future growth.
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