Mubarrad signs SAR 14.5 mln deal to transport metals

20/05/2015 Argaam

Saudi Transport and Investment Co. (Mubarrad) has inked a one-year renewable agreement with Kuehne + Nagel Saudi Arabia to transport metals for one year inside and outside the kingdom, the company said in a statement to Tadawul.

 

Mubarrad expects revenue of SAR 14.5 million, which will appear in second quarter results. The company said the deal is part of its plan to improve overall operations, and mainly its land transport business.

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