Arabian Pipes Co's Board Approves Drilling Pipe Coupling Factory Project in Saudi Arabia

01:15 AM EST, 12/25/2025 (MT Newswires) -- Arabian Pipes Co's (SASE:2200) board approved a project for the development of a drilling pipe coupling factory at the company's facility in Riyadh, Saudi Arabia, with total cost expected at 30 million Saudi riyals. The project, subject to regulatory approvals, will commence in the first quarter of 2026, according to a Thursday release. Completion is anticipated in the first quarter of 2027, with a three-month pilot to occur during the period. Commercial production is anticipated in the second quarter of 2027.