Al Arabia to sign contract to rent billboard sites in Egypt by end of Q4 2022

04/09/2022 Argaam

Logo of Arabian Contracting Services Co. (Al Arabia)

Arabian Contracting Services Co. (Al Arabia) expects to sign the contract to rent sites for the installation of billboards in Egypt by the end of Q4 2022, instead of Sept. 1.

 

Accordingly, the term of the one-year contract shall start from the date of signing and will be automatically renewed, Al Arabia said in a statement to Tadawul.

 

Any developments will be duly announced, Al Arabia added.

 

On Aug. 3, the company won a licensing contract through its arm, United Media Services Co. (UMS), for 17 sites on Egypt’s North Coast. The contract is valued at EGP 46.79 million (SAR 9.26 million).

 

The company will install 174 billboards, including six sites with digital billboards on bridges.

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