(MENAFN) Saudi Public Transport Company (SAPTCO) signed an accord for ensuring a USD16.49 million facility fund with Al-Rajhi Bank, Saudi Press Agency reported.
The finance is due for SAPTCO to buy 150 buses model 2016. The company will pay its dues through monthly allocated transactions over a period of three years.
SAPTCO was established in 1979 with a fully paid up capital of USD266.9 million in order to provide public bus transport services in the Kingdom of Saudi Arabia.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.