SAPTCO awarded SAR 88 mln public bus transport project for Taif city

27/09/2022 Argaam
Logo ofSAPTCO

Logo of SAPTCO

Saudi Public Transport Co. (SAPTCO) said it received a notification today, Sept. 27, from Taif Municipality on awarding a public bus transport project valued at SAR 88 million in Taif city, including a 15% value-added tax.

 

The five-year project will positively impact the company's revenues as of H1 2023, SAPTCO said in a bourse filing today, Sept. 27.

 

There are no related parties, the statement added.

 

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