Saudi Bawan unit seals $222m Aramco contract
RIYADH, 8 hours, 58 minutes ago
Saudi-based Bawan Company has announced that one of its key subsidiaries Petronash Holding has received a purchase order from Saudi oil giant Aramco for an existing contract to supply special gas well products. The contract is worth SAR832 million ($222 million).
Bawan said the deal was secured by Petronash Arabia Company, a key unit of Petronash Holding.
The current purchase order is the third purchase order linked to a long-term agreement with Saudi Aramco to supply special products for gas wells, it stated.
The entire supply will be done starting from October next year till August 2026.
On the financial impact, bawan said the positive impact will be reflected on the company’s results during the years 2025 and 2026.
Bawan is a leading Saudi industrial conglomerate with interests in a range of sectors including metals, wood, electrical and plastic industries.-TradeArabia News Service
