11:04 AM EST, 01/10/2025 (MT Newswires) -- Perma-Pipe International Holdings ( PPIH ) said Friday it has received a contract award valued at more than $43 million for a development project to provide thermal insulation, anti-corrosion coatings and other services in the Gulf Cooperation Council region.

The project is expected to start in Q3 and Perma-Pipe ( PPIH ) will provide services from its Abu Dhabi facility, the company said.

Shares of the company rose 8.5% in recent trading.

Price: 14.52, Change: +1.14, Percent Change: +8.48