BATIC says COVID-19 measures still have limited impact on operations

BATIC Investments and Logistics Co. announced that the government’s precautionary measures to contain COVID-19 outbreak still have a limited impact on the operations of its logistics and transportation subsidiaries, as well as Saudi Transport and Investment Co. (Mubarrad), and the Arabian Security and Safety Services Company (AMNCO).

The company said in a statement on Tadawul it is unable to assess the financial impact of the precautionary measures at present and any further developments will be announced in due course.

On the private sector’s support packages, BATIC said it is working closely with relevant authorities to identify the support mechanism and feasibility.

The company added that AMNCO is providing free of charge civil security solutions to quarantine centers located in Diriyah, Taif, Al Ahsa and Madinah.