Riyal signs SAR 7.5M vehicle lease agreement with Alfanar

18/02/2026 Argaam- Nomu
Riyal secures SAR 7.52M, 4-year vehicle leasing deal with Alfanar

Riyal secures SAR 7.52M, 4-year vehicle leasing deal with Alfanar

Riyal Investment Co. signed on Feb. 17 a long-term vehicle lease agreement with Alfanar Co. worth SAR 7.52 million, according to a statement to Tadawul.
 

Under the four-year contract, Riyal will provide Alfanar with vehicles in line with agreed commercial terms and service standards.

 

The relative financial impact will reflect in Riyal’s monthly revenues starting from the vehicle delivery date until March 31, 2030, the statement noted, adding that there are no related parties to the deal.

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