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Dar Almarkabah for Renting Cars Co. Announces Contract Sign Off with Ministry of Energy

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DAR ALMARKABAH
-2.27 %
1447/05/11     02/11/2025 07:58:17

Element ListExplanation
Introduction Dar Al Markabah for Car Rental Company announces the signing of a contract with the Ministry of Energy for the implementation of a vehicle rental and supply project under a leasing system, within the framework agreement established with the governmental entity.
Date of Announcement of the Award 2025-08-19 Corresponding to 1447-02-25
Contract Subject Matter Provision and execution of vehicle rental services for the Ministry of Energy under a leasing system.
The Entity with Which the Contract was Signed Ministry of Energy
Date of Signing the Contract 2025-10-30 Corresponding to 1447-05-08
Contract Value SAR 8,843,436 including Value Added Tax (VAT).
Contract Details The contract includes the implementation and operation of vehicle rental services for the Ministry of Energy for a period of three (3) Gregorian years starting from the contract signing date, in accordance with the terms and technical specifications specified in the framework agreement.
Contract Duration Three (3) years starting from the contract signing date.
Financial Impact and the Relevant Period The financial impact of this contract is expected to appear starting from the fourth quarter of the fiscal year 2025 and will continue throughout the duration of the contract, according to the agreed implementation and service delivery schedule.
Related Parties N/A

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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Key Parameters
Last Price 1.29
Net Change -0.03 (-2.27%)
Value Traded (Sar) 209,698.04
Volume Traded 163,109
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