SAPTCO inks SAR 93M Al-Ahsa bus network deal

01/10/2024 Argaam
A SAPTCO bus

A SAPTCO bus

Saudi Public Transport Co. (SAPTCO) signed today, Oct. 1, a contract with Al-Ahsa Municipality to operate the public bus network in Al-Ahsa (Al-Mubarraz, Al-Hofuf, Al-Jafr, and Al-Omran) for approximately SAR 93 million, including VAT.

 

In a statement to Tadawul, the company clarified that the contract has a duration of five years, expecting its financial impact to appear in its results by the third quarter of 2025, noting that there are no related parties involved.

 

For more news and details on the projects

 

In July, the company received a notice of a project award with Alahsa Municipality for a period of five years and at a total value of SAR 93 million (VAT inclusive), data available to Argaam showed.

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