Mubarrad signs 5-year deal with UMIC

14/07/2015 Argaam

Saudi Transport and Investment Co. (Mubarrad) signed on Monday a five-year deal with United Mining Investments Co. (UMIC), which is expected to boost the transport company’s operation contract business.

 

Mubarrad said in a statement to Tadawul that the agreement would come into effect October 10, 2015 and may generate SAR 38.5 million in revenue over the full term.

 

The financial impact of the deal will be reflected on Q4-2015 financial statements. 

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