Saudi Catering wins tender to operate duty free shops at King Khaled Airport

06/10/2016 Argaam

Saudi Airlines Catering Company said that its consortium comprising Lagardere Travel Retail, a French company, and Arabian Ground Handling Logistic Co. was awarded the tender to operate the duty free shops at King Khaled International Airport in Riyadh.

 

The agreement will be signed later with the General Authority of Civil Aviation and will be effective from April 2017.

 

The company’s total investment in this deal is SAR 23 million and will be financed through its cash flow, as per its share in the consortium.

 

Catering expects a positive impact on its financials starting from the second quarter of 2018.

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