Al Arabia receives 211 sites to install billboards in 3 cities for SAR 48.16 mln

Logo of Arabian Contracting Services Co.

Arabian Contracting Services Co. received 211 sites to install billboards in Tabuk, Hail and Al-Kharj for SAR 48.16 million worth of lease contracts, according to a bourse filing.

These contracts are aimed to expand the company’s geographical reach, maintain its remarkable performance in line with the highest standards, and boost market presence.

In Tabuk city, the company received 75 sites at a total value of SAR 23.59 million, and received 11 sites in Hail for SAR 10.80 million, in addition to 125 sites in Al-Kharj with SAR 13.78 million worth of lease contract.

These contracts, which represent the company’s first investment in this field, will also cover the installation of digital billboards, in the light of the company’s digital transformation strategy. They will likely reflect positively on the company’s performance.

The company indicated that any material financial impact will be duly revealed, the statement added.