Zodiac Europe Ltd renewed on Friday a 10-year franchising agreement with United International Transportation Company (Budget), which gives it rights to rent out cars displaying the Budget brand.
Budget, which is listed on Saudi Arabia’s bourse, currently operates in about 120 countries with 3,500 branches.
Zodiac is a subsidiary of Avis Budget EMEA Ltd. The company offers car, truck, and van rental services in the Middle East, North Africa, and Europe.