Budget-Saudi Signs a Partnership Agreement with Tranzlease Ltd.

30/05/2012 Tadawul

 United International Transportation Co.(Budget) announced signing a partnership agreement with Tranzlease Holding India Ltd. to buy 32.5% of the company's capital at a total value of ($ 7,068,750) to be self financed from FY 2011 cash flows, the company said in a filing to Tadawul.
 

 It added the agreement was inked after BOD studying all partnership requirements, where the best and the most suitable one was chosen, as well as Tranzlease Co. activities fully complies with budget activities in the field of long-term lease. 


Abdulillah A Zahid, chairman, Budget, said: this partnership is the beginning of implementing the company investment expansions plans in similar fields to the company business.

He added, we will study the good investments opportunities for the company, inside or outside the kingdom.           

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.