SAPTCO inks SAR 137 mln deals to buy 350 buses

21/12/2017 Argaam

 

Saudi Public Transportation Company (SAPTCO) on Thursday signed two contracts to purchase 350 model 2019 buses at a total value of SAR 136.6 million, including technical maintenance.

 

The buses will join SAPTCO’s fleet in Q2 2018, the company said in a statement to Tadawul.

 

SAPTCO, which provides inter-city transportation services, added that it expects the financial impact of the deal to show in Q2 2018.

 

No related parties are involved in the deal, and SAPTCO will later disclose how the deal will be financed, the statement added.

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