Saudi Catering, SAR ink SAR 75 mln contract to provide food, beverage services

19/09/2021 Argaam

Logo of Saudi Airlines Catering Co.

Saudi Airlines Catering Co. (Saudi Catering) signed, on Sept. 16, a three-year contract worth nearly SAR 75 million with Saudi Railways Co. (SAR) to provide food and beverage services on trains, stations, and cafeteria (North and East lines), the company said in a filing to Tadawul.

 

Saudi Catering expects a positive impact on its Q4 2021 financials, which will boost the company’s business sustainability by increasing cash flow and enhancing its business relationship with customers.

 

The deal does not have any related parties, the statement added.

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