The Saudi Public Transport Company – SAPTCO announces contract sign-off with Qassim Municipality, for the public bus transport project in Buraydah City and Unaizah Governorate

The Saudi Public Transport Company – SAPTCO announces contract sign-off with Qassim Municipality, for the public bus transport project in Buraydah City and Unaizah Governorate

|Element List||Explanation|

|Introduction||The Saudi Public Transport Company - SAPTCO announces contract sign-off with Qassim Municipality, for the public bus transport project in Buraydah City and Unaizah Governorate.|

|Date of Announcement of the Award||2022-10-24 Corresponding to 1444-03-28|

|Contract Subject Matter||Public bus transport in Buraydah City and Unaizah Governorate.|

|Date of Signing the Contract||2023-03-21 Corresponding to 1444-08-29|

|Contract Value||115 Million SAR (Included 15% Vat).|

|Contract Details||Public bus transport in Buraydah City and Unaizah Governorate.|

|Contract Duration||5 Years.|

|Financial Impact and the Relevant Period||The project will have a positive impact on the company's revenues in the second half of 2023.|

|Related Parties||There are no related parties.|

|Additional Information||We would like to note that the company had announced on October 24, 2022 AD (corresponding to Rabi Ul Awal 28, 1444 AH) that it had received a notification of awarding a project with Qassim Municipality, for the public bus transport in Buraydah City and Unaizah Governorate.|