| Introduction |
The Saudi Public Transport Company - SAPTCO announces that it has signed a contract with the Eastern Province Municipality, for the public bus transport project in Dammam City and Al-Qatif governorate. |
| Date of Announcement of the Award |
2022-01-12 Corresponding to 1443-06-09 |
| Contract Subject Matter |
Public bus transport in Dammam City and Al-Qatif governorate. |
| Date of Signing the Contract |
2022-01-23 Corresponding to 1443-06-20 |
| Contract Value |
149,609,462.17 SAR (Included 15% Vat). |
| Contract Details |
Public bus transport in Dammam City and Al-Qatif governorate. |
| Contract Duration |
5 Years. |
| Financial Impact and the Relevant Period |
The project will have a positive impact on the company's revenues at the First half of 2022. |
| Related Parties |
There are no related parties. |
| Additional Information |
We would like to note that the company had previously announced at January 12, 2022 AD Corresponding Jumada-Al-Thani 09, 1443 AH that it has received a notification of awarding a project with the Eastern Province Municipality for the public bus transport project in Dammam city and Al-Qatif governorate. |