DALIPAL HLDG (01921) Officially Becomes a Qualified Supplier for Saudi Aramco

Stock News
Jan 06

DALIPAL HLDG (01921) announced that the company recently learned its products have successfully completed a trial order issued by Saudi Arabian Oil Company (Saudi Aramco). All trial indicators passed the tests successfully, and the company is now undergoing Saudi Aramco's internal supplier qualification process. Upon completion, the Group will officially become a qualified supplier.

The Board of Directors believes that officially becoming a qualified supplier for Saudi Aramco holds significant and far-reaching strategic value for the Group: 1. Successfully passing its comprehensive certification and completing the trial order creates the conditions for establishing a long-term business partnership between the two parties, which will directly drive the Group's sales growth and increase its market share in the Middle East region.

2. Successfully passing its comprehensive certification and completing the trial order represents Saudi Aramco's full recognition of the Group's R&D capabilities, manufacturing standards, quality systems, and delivery reliability. This lays a solid foundation for the Group's products to consistently and stably enter core energy markets in Saudi Arabia and other parts of the Middle East.

3. Successfully passing its comprehensive certification and completing the trial order is highly synergistic with the Group's strategy of building a production base in Dammam, Saudi Arabia. In the future, this will enable "localized production and localized supply," significantly enhancing supply chain efficiency, reducing operational costs, and strengthening the ability to respond quickly to customer demands, thereby making the Group's comprehensive competitive advantages in the region more prominent.

The Group will actively follow up on subsequent commercial negotiations with Saudi Aramco and will strictly comply with listing rules to make timely disclosures regarding any significant progress.

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