SAPTCO signs SAR 113.8M contract for shuttle transportation project in Madinah

26/01/2025 Argaam
A SAPTCO bus

A SAPTCO bus

Saudi Public Transport Co. (SAPTCO) signed a contract for a shuttle transportation services project for the Pilgrims Experience Program, valued at SAR 113.8 million, including 15% VAT.

 

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In a statement to Tadawul, the company said that the one-year contract was signed with Al-Madinah Region Development Authority on Jan. 26.

 

SAPTCO expects the financial impact of the contract to appear in the company's Q1 2025 financial results.

 

There are no related parties to the deal, the statement added.

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