Theeb Rent a Car gets acceptance notification for vehicle rental bids worth SAR 27.1 mln

25/01/2022 Argaam

A showroom of Theeb Rent a Car

Theeb Rent a Car Co. received, on Jan. 24, a notification from the Ministry of Human Resources and Social Development (HRSD) on accepting its financial bid for a vehicle rental tender at a total value of SAR 27.13 million. 

 

The company said in a bourse filing that the contract includes a long-term vehicle leasing agreement with the ministry for a period of four years.

 

The financial impact will be determined later upon signing the contract and knowing the dates of supply.

 

There are no related parties to the contract.

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