SAPTCO signs SAR 57.5 million public transport contract in Madinah

24/01/2022 Argaam

Logo of SAPTCO

Saudi Public Transport Co. (SAPTCO) signed, today, Jan. 24, a public transport contract in Madinah with the Madinah Region Development Authority (MRDA) at a total value of SAR 57.5 million, including a 15% value-added tax (VAT).

 

The contract is valid for five years and is expected to have a positive impact on the company's revenues starting from the first half of 2022, the company said in a statement to Tadawul.

 

There are no related parties to the contract, SAPTCO Concluded.

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