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FINANCIAL NEWS
Saudi-Malaysian partnership to bid for Saudi airport deal
23 Feb 2013
(MENAFN) Saudi International Trading and Marketing Ltd (SITM) has entered a partnership deal with Malaysian automotive-to-insurance conglomerate DRB-Hicom to place an offer for airport ground handling services tender in Saudi Arabia, Arabian Business reported.
The company has signed a memorandum of understanding with SITM through its wholly-owned subsidiary KL Airport Services Sdn Bhd, it said in a stock exchange filing.
DRB-Hicom, owned by Malaysian tycoon Syed Mokhtar Al-Bukhary, is seeking to expand its overseas operations.
The companies will do a feasibility study and submit their bid when they have received an invitation from Saudi General Authority of Civil Aviation (GACA).
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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