Theeb Rent a Car inks SAR 48.7 mln long-term rental contract with Jahez

05/07/2021 Argaam

Logo of Theeb Rent a Car

Theeb Rent a Car Co. signed a long-term rental contract with Jahez International Company for Information Systems Technology (Jahez), valued at SAR 48.72 million, according to a bourse filing.

 

The company signed on July 4, the four-year contract, which exceeds 5% of its total revenues in 2020.

 

The vehicles will be implemented and supplied in phases within six months from the contract signing date, Theeb stated, noting there are no related parties.

 

The Saudi-listed firm said that this contract will have a positive impact on the company's financial results starting from Q3 2021.

 

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