Theeb signs vehicle leasing deal worth SAR 110.4M with HungerStation

21/12/2025 Argaam
Logo ofTheeb Rent a Car Co.

Logo of Theeb Rent a Car Co.

Theeb Rent a Car Co. signed a long-term vehicle leasing services contract worth SAR 110.4 million with HungerStation Co., according to a Tadawul statement.

 

Under the deal, Theeb will lease 2,000 vehicles to HungerStation, with deliveries staged over the first six months from the contract's effective date, taking into account global logistical conditions beyond the control of the company and its agents.

 

The company said the contract will positively impact its financials starting from the first quarter of 2026.

 

It added that the agreement aligns with its expansion strategy to drive operational growth while providing high-quality services to commercial partners, government entities, and companies.

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