SAPTCO’s robust performance driven by restructuring, diversified activities

SAPTCO generated SAR 102 million in FY14, compared to SAR 30 million in FY08, which is attributed to the company’s restructuring process and new diversified business activities, CEO Khalid Alhogail was quoted as saying in CNBC Arabiya.

The Saudi-based transport company is targeting stronger figures in 2015 and 2016, he noted, adding that the coming period will witness stiff competition as the company will be engaged in many business offers.

SAPTCO reported SAR 77.6 million profit in FY13, according to data available on Argaam.