SAPTCO inks SAR 112.7 mln deal to strengthen fleet

15/12/2016 Argaam

Saudi Public Transport Company (SAPTCO) has signed a SAR 112.7 million deal to buy 300 buses, the company said in a statement to Tadawul.

 

SAPTCO will receive the first batch of the buses during the first half of next year, and the financial impact of the deal will show starting Q2 2017, the company added.

 

The deal includes technical support to the 2017-model buses, which will be used in the intercity public transportation services.   

 

The company will disclose later how it plans to finance the deal. 

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