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The Saudi Public Transport Company - SAPTCO announces contract sign-off with Al-Ahsa Province (Al-Mubarraz-Al-Hofuf-Al-Jafr-Al-Amran), with Al-Ahsa Municipality
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SAPTCO
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1446/03/28 01/10/2024 15:42:08
| Element List | Explanation |
|---|---|
| Introduction | The Saudi Public Transport Company - SAPTCO announces contract sign-off with Al-Ahsa Province (Al-Mubarraz-Al-Hofuf-Al-Jafr-Al-Amran), with Al-Ahsa Municipality |
| Date of Announcement of the Award | 2024-07-18 Corresponding to 1446-01-12 |
| Contract Subject Matter | Operating Public bus transport network in Al-Ahsa Province (Al-Mubarraz-Al-Hofuf-Al-Jafr-Al-Amran) |
| The Entity with Which the Contract was Signed | Alahsa Municipality |
| Date of Signing the Contract | 2024-10-01 Corresponding to 1446-03-28 |
| Contract Value | 92,999,999 SAR (Included 15% Vat) |
| Contract Details | operate the public transport network in Al-Ahsa (Al-Mubarraz-Al-Hofuf-Al-Jafr-Al-Amran) |
| Contract Duration | 5 Years. |
| Financial Impact and the Relevant Period | This contract is expected to have a positive financial impact on the financial statements during the third quarter of 2025. |
| Related Parties | No Related Parties |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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