SAPTCO inks SAR 93M Al-Ahsa bus network deal

A SAPTCO bus

Saudi Public Transport Co. (SAPTCO) signed today, Oct. 1, a contract with Al-Ahsa Municipality to operate the public bus network in Al-Ahsa (Al-Mubarraz, Al-Hofuf, Al-Jafr, and Al-Omran) for approximately SAR 93 million, including VAT.

In a statement to Tadawul, the company clarified that the contract has a duration of five years, expecting its financial impact to appear in its results by the third quarter of 2025, noting that there are no related parties involved.

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In July, the company received a notice of a project award with Alahsa Municipality for a period of five years and at a total value of SAR 93 million (VAT inclusive), data available to Argaam showed.