Budget Saudi inks SAR 40 mln car lease deal with SABIC

06/11/2023 Argaam
Logo of United International Transportation Co. (Budget Saudi)

Logo of United International Transportation Co. (Budget Saudi)

United International Transportation Co. (Budget Saudi) signed a long-term car rental services contract with Saudi Basic Industries Corp. (SABIC).

 

The contract, valued at SAR 39.9 million, was awarded on Oct. 25, 2023, the company said in a statement to Tadawul.

 

Under the contract, Budget Saudi will lease 263 vehicles to SABIC for four years, with a 12-month auto-renewal. The contract is expected to have a positive financial impact on Q1 2024 financials.

 

The contract is part of the company’s expansion and strategic plans, aiming to boost operations and deliver quality services to business and government partners.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.