Riyal inks SAR 15.36M lease contract with Naqua Aquaculture

Riyal Investment Co. signed today, Feb. 17, a contract with Naqua National Aquaculture Group Co., at a value of SAR 15.36 million (including VAT), according to a statement to Tadawul.

The contract, whose term is four years, entails the provision of vehicles as per a lease agreement in accordance with agreed-upon commercial terms and service criteria.

According to the statement, the related financial impact is expected to reflect on the company’s monthly revenues starting from the date of vehicle delivery until March 31, 2030.

There are no related parties involved, the company noted.