Khalid Alhogail, SAPTCO’s chief executive officer, also said that his company has also signed a contract with Arriyadh Development Authority (ADA) to provide transportation within Riyadh city starting from 2016.
The company will add about 1,000 new buses to its fleet gradually within two years, he added.
SAPTCO reported a net profit of SAR 147.3 million for Q1 this year, compared to SAR 21.1 million in the same period last year, according to data compiled by Argaam.
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