SAPTCO signs SAR 88 mln public bus transport deal with Taif Municipality

26/12/2022 Argaam
Logo ofSaudi Public Transport Co. (SAPTCO)

Logo of Saudi Public Transport Co. (SAPTCO)

The Saudi Public Transport Co. (SAPTCO) announced signing a contract worth SAR 88 million including a 15% value-added tax with Taif Municipality for bus transport project in Taif city.

 

In a statement to Tadawul, the project will have a positive impact on the company's revenues in the first half of 2023.

 

The deal does not have any related parties.

 

On Sept. 27, SAPTCO said it received a notification from Taif Municipality on awarding a public bus transport project valued at SAR 88 million in Taif city, according to data available with Argaam.

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