FINANCIAL NEWS

Saudi SAPTCO signs USD16.49m finance

07 May 2015

(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.

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