Saudi Public Transportation Company (SAPTCO) signed on Tuesday a contract to purchase 150 model 2016 buses at a total value of SAR 61.8 million.
The buses will join SAPTCO’s fleet in the third quarter preparing for Ramadan and Hajj seasons, the company said in a filing to Saudi Arabia’s bourse, Tadawul.
The listed company, which provides inter-city transportation services, said it expects financial impact of the deal to materialize in third quarter results.
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