SAPTCO wins public transport project in Tabuk

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The contract holds a value of $22.39mln for five years

Staff Writer, Mubasher

December 29, 2023

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Riyadh – Saudi Public Transport Company (SAPTCO) received notification of a project award from Tabuk Municipality to operate the first phase of Tabuk City's public transport network.

The contract holds a value of SAR 83.99 million for five years, according to a bourse disclosure.

It is worth mentioning that SAPTCO was awarded the project contract on 5 December 2023.

In the first nine months (9M) of 2023, SAPTCO reported a net profit of SAR 44.73 million.

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